Afternoon,

The Russell 2000 e-mini’s gaped open today and proceeded to sell off. It was option expiration’s Friday and that can make for a volatile session. The market went into a sideways base and had a trend line break below the 56 EMA followed by a trader’s trick set-up. The time was 10:36 am CST with a short entry of 754.30. Here is the chart for trade 1.

Trade 1

Click on chart to enlarge.

There was another trend line break below the 56 EMA followed by a trader’s trick set-up. The time was 12:36 pm CST with a short entry of 751.80. Here is a chart of trade 2.

Trade 2

Click on chart to enlarge.

My trading plan states that I stop trading on Friday at 13:00 pm CST, so that was the last trade of the day. Usually, Friday afternoons become a non-trending, volatile mess. That is the reason I stop trading at 13:00 pm CST. This Friday was an exception to the rule as there were some nice set-ups in a trending market. Such is trading.

I really believe that the market is beginning to exhibit a more normal trading pattern and should allow us to pull a few more fish out of the pond.

Best regards,

Ron

This is not a solicitation to buy or sell. 
There is a risk in any investment