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|Mindset: Gap up, I might take gains on overnight swings. Not going to chase the move with new longs. I will spend the first 45 min finding stocks I like and setting alerts. If we get a gap and go,...
|We were making a new hod when I was writing that
|I would like to see a quick bearish 1OP cycle for SPY. Gap can fill, but I don't want a deep probe. If we get that I would feel comfortable buying strong stocks
|We have the gap fill. Now we just need a quick bearish cycle and lots of tails to confirm support over the next 20-30 min. If we see that I would be comfortable buying.
|This is a nice tall bounce and I expect to see support at the lod. I would be bidding for strong stocks I would add when we have a bullish cross if the lod holds.