The Russell opened up showing no early downside follow through but after bulls failed to break to the upside at 814.00, bearish sentiment took hold in force. Funny but the morning market was just the opposite of the Superbowl where the Bears got stomped by the Colts.
First trade of the morning was a short reversal at 7:01 at 812.40 for 2.3 points. I should have rode this a little further (I could have squeezed an extra point). Second trade of the morning was at 7:21 at 809.5 for +1.5.
Net for the day: +3.8
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Online Encyclopedia of Trading Psychology
17 hours ago