I am not certain what the catalyst for the rally in the indexes are. There seems to be a stream of bad news coming from the mideast and the general understanding from the FED is they will maintain elevated interest rates for the near future. But traders don’t seem to care and keep buying the market.
My edge appeared 3 times perfectly in the first 30 minutes after the open as you’ll observe in the chart above. I did not take the first cusp retracement - I try and not trade the first 15 to 20 minutes, way too much random movement. I did not take the second edge - the bounce off the ONL - there had been a steep selloff overnight and I thought maybe the selloff would continue.