Was looking for a long but after yesterday's massive sell-off was a little hesitant. This morning when I sat down noticed some consolidation on the lower bound channel, with two touches and accumulation, along with that also noticed RSI + MACD on the one hour signaling bullish momentum.
Took a long on the open of the 7:00am candle
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Closed trade for 300 points. Was not expecting an intraday move this high on a Thursday but am always prepared to take profits. Waiting on to see what happens until Friday. Don't think the market is overbought as of yet, but we could see some consolidation before a move higher. If not will adjust