Founder's Trading Journal End of Day – 6/11/2021 by AF Thornton Jun 11, 2021 0 Comment Sure, it is approaching 11:00 pm here on a Friday night, but I would having trouble staying awake with this market regardless. Remember Pete and repeat? They are back again today.Nothing is resolved in terms of balance. The cluster of support around the 4220 – 4225 area caught the fall, as I suspected it might this morning. It may have saved the “look above and fail” trip to 4205. Time will tell.We called the low of the day within minutes after it was in – 14 contracts traded was the key. That is where volume and market profile can help. The “V” drive was a nice long.Settlement is likely to be at the same level as most of the past week.All doubts in a bull market should be resolved in favor of the bull. We can start there and update the narrative over the weekend.Enjoy the time off for a few days. I am glad the snooze fest is over this week.A.F. Thornton
Related Posts Founder's Trading Journal Accounts Founder's Trading Journal Pigs Get Fat – Hogs Get Slaughtered Founder's Trading Journal Reducing Positions Founder's Trading Journal Mixed Signals / Taking Profits Founder's Trading Journal Sell When You Can – Not When You Must! Founder's Trading Journal Onward. Upward, or Look out Below… Founder's Trading Journal New All Time Highs and Then? Founder's Trading Journal Sputtering Near the Channel Top… Founder's Trading Journal The CP Lie Inflation Report is Out – Sell the News? Founder's Trading Journal Raising Stops to Lock in Profits
AF Thornton Website: https://tradingarchimedes.com A.F. "Arthur" Thornton is an expert in logic, risk/reward quantification, market fractals, pattern recognition and asset class behavioral analysis with 34 years devoted to developing algorithmic and quantitative trading systems. In addition to trading his own capital, Mr. Thornton designs custom algorithmic and quantitative trading systems for a small and exclusive group of exceptionally qualified traders.