Markets acted schizophrenic today as futures were up almost 800 points going in to open then ended the day down -.18% SPX. Reasons like these are why we have models that trigger based on specific setups. Most people woke up this morning thinking we would have another 7% up day like yesterday after seeing futures skyrocket. However, sellers came in hot and heavy towards the end of the day as we closed near the low.
KC was triggered and we are now flipped into a long position. PL short didn’t trigger last night so that order fell off and now sets up for a long order. CC order didn’t trigger last night so we remain in our short position.