Forecast has been giving chances for several 10 point trades throughout the week. Hopefully you have caught some of these moves! If not, please review your entry and exit strategy.
Trading
Going for gap fill, in at 9:32 and watching for down after 9:45 was fast 10+ points. Next trade looking for long especially after 10:19 with 7T+ triggered right at 10:20, another 7-10 points. Done for day but those wanting more had green light to short at 11:35 and taking profits above 7T support level so gain of 3-5 points.
Call - "Regular cycle up after 9:39, but countered by potentially significant 6T- at 9:45."
Result - Fell off cliff at 9:45 for fast 10+ point trade.
Pre-open call - "So far price action points to up after 10:19 with the 7T. Looks like Thursday will close with a weak bounce."
Result - 10 point rally after 10:19 and basically markets supported even though drifting lower. SPX managed an up close.
