Traded after the open expecting the half gap to be filled but couldn't seem to get a feel for the market again early. Price opened in 61's and eventually dipped to 58's without the 1/2 getting filled. Took a shot that half gap would not fill and went long from 59's only to be stopped out in half gap area. Price went approximately a point thru the half gap before climbing up albeit slowly. Turned out to be a sappy trade. Result: -6.0
Went long again once the bottom printed with doji and confirmation around 1015 in 60's. Another two point stop expecting the open to be tested and if price was able to pierce it, then looking for overnight high test and R2. Scaled out in 63's and 64's and 65's. Market looked strong with internals indicating higher but lunch session was coming and market slowed. Result: +12.25
As price rotated and gradually move higher, was thinking combo from low of 56 and watched as IWM led the way with new highs before the rest of market. Russel can many times be a good barometer. A strong A/D (2000+) is also provides a great clue.
More play-off MLB this afternoon so not expecting to trade much if any in PM session. Will post if this changes.
Trade Well!
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