I'm only just now caught up with emails (getting up at 6:15 isn't as productive as getting up at 5:00………); the day is going pretty well so far – – stopped out of nothing, and showing a 0.68% profit overall for the day. I'm going to try to smoke out some new opportunities. I'll let you know if I find anything.
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Well, it seems my oft-repeated range of 1050-to-1070, now broken, is now doing its job as resistance at 1050. I did some night trades based on that resistance, and they worked out well. As it stands now, this is our helpful line in the sand for the day.
I must say, it feels good to be dealing with a market that is making sense again. Do I mean by "making sense" simply "making profits"? No! In a market which makes sense, I can lose money but at least recognize my errors. So much of this rally has been befuddling to me that it is both a frustration and a confidence-killer. Patterns, support, and resistance are starting to rule the roost again.