Finally The Bounce

It didn't feel so great all weekend (the best trades never do), but when the S&P got pounded into the close on Wednesday, I added to the SSO position that I had so heavily scaled out of earlier. The only reason why I did it was because the area that the S&P was "getting pounded into" was the 61.8% level on the daily chart, a big level. Big levels are what I trade.

While at our family Thanksgiving at my sister's house, I had no luck getting internet access Friday morning but was able to get CNBCHD (high definition) where I saw the futures ripping. I also saw a black cat peering in my window which freaked me out for a second and gave me pause. But suddenly the feeling came over me to just relax. So I did.

I'm glad I did. And when the futures opened up big last night, I just relaxed, and I'm glad I did. Futures are up twice as big now.

This morning in the pre-market, I just casually took off some SSO and UPRO to adjust my risk and will focus on the 1200-1208 area as I mentioned last Wednesday morning.

I have a lot to be thankful for. I hope you do too. Happy Thanksgiving.