Happy Monday ,
We opened up at 4161 so I had a slight long bias since Friday’s POC was a bit higher.
We couldn’t break down past the open, but held in a contracted range.
I tried three times to ride price into the 4170s but the market stayed muted until it finally broke below the opening price.
That’s when I flipped the script short.
As we were still in a tight range I was expecting an explosive move in either direction…
So when we reclaimed VWAP I flipped the script again and got long… but very quickly it seemed this was just a quick move to stop out some shorts.
The key to profit today was my ability to flip bias because with this down-move I realized the extension was going to come to the downside.
Your humble boy didn’t fight the action and got short for the move, ending up with $300 in profit from the morning action!
Check out today’s stream above for the golden lesson on remaining flexible in your trading and have a great rest of your day!