The Russell opened slightly off of last nights close and proceeded to meander in a tight consolidation pattern for most of the morning. This was a tough morning for momentum trading.
First trade of the morning long at 6:42 at 846.00 for -1.8. Second trade of the morning long at 6:58 at 844.30 for -1.1. Third trade of the morning short at 7:02 at 843.70 for -0.5. Fourth trade of the morning long at 7:16 at 843.50 for -1.8. Fifth trade long at 7:42 at 842.60 for -0.6.
Net on the morning: -5.1
Online Encyclopedia of Trading Psychology
17 hours ago