1. Again we are seeing a large gap down. This is 2 consecutive days with gaps in the 80 range. We will fade using our rules but use small stops with 20pts targets. This will protect some of our profits if this gap doesnt fully or half fill.
2. We will also look for potential pivot plays. If this short term down trend holds we would prefer shorting opportunities as opposed to longs. Trend is our friend.
3. Also we like plays that involve extreme TICK readings. Just keep an eye out for those and trade in the direction of the trend, this will give us a better probability of success.
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