hampy:
Trading is just a game of stairs and landings. In other words, trends and sideways consolidation.
You'll find that the market goes up the stairs, waits on the landing, then goes up the stairs again, and so it goes on, in both directions up and down.
Yesterday was a sideways day, so therefore there was a reasonable probability that today would be a stairs/trending day.
The stairs and landing effect happens intraday too, with the market using the landing to get its breath back before the next set of stairs (in whatever direction).
Sorry for the child-like talk, but I like to keep things simple - so much easier to see and understand. :cheesy:
On ES this is quite easy to see on a 30 minute chart if you scrunch the bars up tightly.