Confluence

There is an area of Fibonacci confluence surrounding the 1270-1272 (S&P cash) area. The way the futures are looking this morning (down), it seems the market may want to test this zone. I added to my SSO position yesterday around 1276.50 and will add more if we get to 1270. The stop for this trade is now 1264.12.

Tonight is the season finale of Moonshiners on the Discovery Channel. It's rare that I watch TV, much rarer that I look forward to a TV show, but I just discovered it last week and find it fascinating. (When I was little I wanted to be a Moonshine driver.) Of course, I also love the socionomics of it, too. It seems this country is harkening back to its wild roots in many ways. So be it. I think our government has vastly underestimated just how deeply we cherish our Constitution. And judging by the record number of FBI background checks that were initiated due to gun sales this December (1,500,000), a vast number of people are prepared to defend it. It may be a bumpy ride moving forward.