Today, my model was for weakness to get bought and clean up that open gap from yesterday. While we did move higher overnight, so far in the day session, the SPY and S&P Futures gaps remain unfilled.
Bears had other ideas apparently. Why didn't they listen to my S&P video! Stupid Bears! rrrrrrrrg!
When I'm wrong I always reduce size immediately, so I don't let my stubbornness (nah not me) creep into things and ruin an otherwise good week. With my size now, I can get hurt, but it would take a very big move against me (flash crash size) to do so. That's where I want to be until I get in sync with the market, which may not be until Monday at this point, as I'm still looking for a place for us to bounce, especially since we just held the 78.6% Fib of the last swing up.
Or maybe (probably) I'm just justifying what I want to see!
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