Afternoon,
The Russell 2000 gaped up today, breaking a trend line from yesterday. The price pulled back to the trend line and Woodies Pivot and formed a trader’s trick set-up on the 3rd 3 minute bar above the 56 EMA. The time was 8:39 am CST with a long entry of 730.40. Here is the chart of trade 1.
Trade 1
Click on chart to enlarge.
The market then went into wide moves with no entries and ended in a sideways base right before my Friday trade cut off trading time of 13:00 pm CST. Here is the chart of the sideways base.
Sideways Base
Click on chart to enlarge.
The market is beginning to have some trending times during the day and one can only hope that this is the beginning of more normal trading patterns.
Have a great weekend.
Best regards,
Ron
This is not a solicitation to buy or sell.
There is a risk in any investment









