What the tape says, what the market does is very important. One must look at the different levels and context of trend and direction. Price action as they call it, is also important. Even so, none of it matters.
To keep it simple, the path of least resistance.
I have booked profits for the day and closed out my LONG. I am positioned and shorting into the weekend knowing what the risks are. This is my reading of the tape and this is an exposure I will accept.
As always, don't over think it, just trade it. What's important is how you react to something when it doesn't go your way. I am ready both ways.
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