The market gapped up overnight and then settled into an early choppy pattern. Unlike the past couple of mornings, however, the Russell broke out of this consolidation and moved to fill the gap and find yesterday's value range.
First trade of the morning was a short reversal at 6:39 a.m. at 793.70 for +3.8. Second trade of the morning was a long reversal at 7:30 a.m. at 790.1 for +1.5.
Net for the morning: +5.3
Net for the week: +1.9
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Online Encyclopedia of Trading Psychology
17 hours ago