Daily Recap 11-20-2013 – Consider me Surprised

I wrote yesterday that I will be surprised if the correction reaches 178, so consider me surprised. I did not expect the correction to be so strong but bears still have to break the 177.53 to convince me a real correction is occurring.

We had a 120 min long reversal signal triggered today only to be closed with a loss (yes that happens too) during FOMC excitement, but not to worry cause the system issued a 60 min short reversal signal that so far is profitable. There seems to be a bounce in the making so the position will probably exit tomorrow.

Battle Plan for the 11/21/2013

60 min short reversal stop over 179.39 for now but will probably change.

2013-11-20-End of day

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