There was no action today.
I attempted a micro breakout long off the 1072.00 inside support mentioned in the comments on the prep but quickly scratched when it was clear the market was going to contract.
I do not like to scratch but the breakout entry in the tight range put me right in the middle of the potential daily range. I correctly considered this out of position and decided it was not worth the risk to hold.
There should be some good trading over the next few days. The market is sitting on yearly highs should provide some good opportunities whether it extends or corrects to the downside.
I do not have much else to discuss tonight.
There is a good posting below of a commencement speech that Paul Tudor Jones did for a group of ninth graders this summer.
It i s a good read.
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