When the uncertainty is high, shorten the timeframe

With the GOOGL volatility and anticipation for FB earnings, it made sense to focus on the shorter term timeframes for more nimble opportunities (after NFP Friday is really the hot zone we want to capitalize on). The S&P set up an ideal exhaustion setup after chopping for the first two hours of the day, but knowing that there was support and an oversold confirmation, it was easier to get long and stay long the S&P.