There was a long trade opportunity after the cash open from the 1354 level.  However rather than focus on that trade, I thought it would be more instructional to walk through my thought process as price made the low of the day.  I posted in chat this morning that I framed the day’s low as 46/49.  Given the momentum into the area, I was expecting a good test of 46 and with little market structure beneath; if 46 did not hold, price could reach Continue reading »