Wednesday 1/4- Here's what Im watching for at the open

We are gaping down enough for me to watch for a fade opportunity, but my short term cycle says we may get some more downside before we get the fade.

This is the battle between the gap fade and the cycles that I fought the last quarter of last year. I'm not fighting it any more.  The gap fade has been one of my favorite setups throughout the years, but nowhere near as consistent as of late that I can't look to improve on the timing, and that's the decision I made for my business this year. 

I'm going to be patient here, and see if the cycle plays out.  If not, and we fade right off the open, I'll miss it and look for the next setup.


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