4135 watch for rejection, 4120 will be sticky Looking to see if market rolls over at 4135 for a nice short to below the overnight low. Day trade only.
Trade active:
Well over shot, over 4145 then yesterday very likely retrace, but still watching to see if control switches back to seller so still open minded, so breaking 4135 no harm.
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market made me the dummy. why I trade the market action not my thinking. This is gap, and then high as last chance for short. Not saying short is only trade it just is one i am looking for. Using stops or options to control loss
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4135-4140 long could be nice also. The internal strength is impressive, so if that can not roll over will then look for long.
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30 minute chart, this building ( so far) inside candle is my guide, if remaining above it's low will be stalking the long side. but below will lean short. Very interesting day so far.
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I did short the 30 minute break, will not let it go bad now.
Trade closed: target reached:
Will lock in profit, and hold a little free runner with a b/e stop
Comment:
why I backed off on holding short and that is the MAGNAT stocks are not budging from 5 up, so trading opposite of the 90% the S&P is not normally a wise move, so not out just careful
Comment:
hope this provide some incite on how to stalk a market an not fall prayy to your own bias.
Trade closed: target reached:
Out now MAGNAT flipped back up