Cycle Trading

[Duma]

So my statement that I expected the market to open lower and then to start to move up has happened. What I did not expect was the little bump at the end of the trading day yday.

I started watching futures early and was glad as you said to see that the low of yday held nicely. I was tempted to exit with the dip before the open, but I have seen the market dip just before the open many many times.

I had a mental stop at 170.34 which was halfway between close and low. 170.67 was as close as it got.

And look where we are now, north of 176.50.