Great Trading Structure and 5150

Another transparent day in the indexes and our overnight long pays out.  And we do note that the position should have been held for a swing versus a mechanical payout given the ultra-high confidence opinion we had.

Good day trading day too, with the morning drift lower offering a nice entry at gap fill zone on the TICK exhaustion move that could not budge price lower.  Then buying the VWAP on the pullback yet another trade of the day -- although it took a lot of waiting for the payout.

So.. with zombie grinder higher days printing now, this market looks good to test the 1886 zone.  And after that, highs once again.

If the sellers are going to crush the party, I think that it needs to happen tomorrow, or else the dog-pile higher will continue.

The nod clearly goes to buyers for tomorrow.  But we watch out for inventory re-balances. Which makes an overnight entry susceptible to a rinse out.

We are long the overnight session once again.  Low confidence, and in experimentation mode. It's a 1851.50 entry.

5150.  That's us.

Tonight we feature bonds.

Bonds are very interesting here.