Following Rules & Relaxation

So far, the S&P has been doing a great job of obfuscation while also rewarding patience. Yesterday would have been a great short from the 62% level, but I was too tired to think clearly. I did the right thing by standing aside, even though I would've been correct. This is a business where correct play is not always determined by dollars, but, like piloting a plane, by following rules. Rules are there to protect you. The money takes care of itself.

Back to patience. With the S&P below 1225, 1200 has my interest now. However, I'm noting this morning that price is moving lower with marked tick divergence. The market can reverse anywhere it likes, and it just may.

I'd rather be a bigger buyer at 1200 than a smaller buyer above. Until 1158.66 goes, that is. That is where my assumption of a new high above 1292.66 will very likely be wrong.

This is a slow time of the year for me. The approaching winter solstice feels like front month option decay in my energy level. When the sun turns around and resumes its ascent, I start feeling better. I'm letting myself relax more so I can enjoy this mystical time of the year. Expect more late posts.