I said in yesterday's commentary that I expected a final move up prior to a significant move to the downside. I did not expect a powerful grinding trend up for the whole day though.
I suppose it is good that I did not get burned trying to fade the move all day but at the level I am reading things I should be executing.
I just could not get on the long side today. By the time I switched bias, I felt it was too late in sequence to engage.
I took a small 1.75 point loss attempting to short my potential blind resistance zone at 1052.00.
Right in the midst of the short, a good inside support zone formed. I did not change bias and stood aside the rest of the day.
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