1/3/17 Regular cash market opened today with a gap up on SPY, then went higher. This caused a candlestick "Kicker" signal to form on the daily chart, which is very bullish. But it only matters if that is still in place when the cash market closes at 4:00pm ET. The Kicker signal lasted up to about 10:30am which had me very concerned. But then SPY turned down and by 11:00am the Kicker completely disappeared.
Strategy now is to stay in the trade unless we break the current daily down trend channel to the upside with confirmation the next day.
It's still a long way to the close, but whatever the chart looks like at the end of the day, I'm proud of myself for having the discipline to wait. Discipline is what was most lacking in my trading last year. That must change this year.
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