Rhody Trader

Today ended up being a rather predictable day. Yes, there was that big open higher. After that though, it settled down rather nicely into a playable range. The two main bracketing levels that contained prices today were the 1385 value area high from back on April 7th, and the 1400 level. The latter was more about being a round number with a little bit of longer term distribution significance tossed in.

My problem for the day was not thinking about 1385 as support at the start. I should have. It would have made for a nicely profitable day, no doubt. I did make a bit of profit on weakness in the afternoon, but hardly what I could have done.

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