level published in last nights update. That was in line with
one of my setups to get short and the market came
down to the 1593.50 are where it stalled a bit
but continued to go down to the 1587.75 support area. That
turned out to be the low of the day and the market
started its run from there. Resistance than was broken
and turned into support which gave some very nice
buying opportunities as the market rallied up to the 1601.00 area.
Sellers came in near the close to bring the market back down the
the intraday level give at 1595.00.
Having a game plan for the trading day is an important
part of my routine. It increases your odds for success
and I encourage all of you to at the very least have a plan
for your trading. Understand how you will react and
plan our your trades in advance, because in the heat of the
moment emotions can take hold and it will be detrimental to
your success. Good Trading.
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