Holding on a bit longer has served me well. I've got some tight trailing stops on at this point (0.25 on SPXU). Gains are nothing to jump up and down about, but they're gains nonetheless so I'm not going to complain.
Just waiting to this wedge to resolve... Unless it's not really a wedge, in which case we just churn around the VWAP I assume. Also of note - the consolidation/distribution area after this mornings' gap did not follow the Fibonacci 161.8 level that the gaps up recently did. Maybe the quant computers aren't programmed to do that on a down? I still need to get set up for backtesting and really see the incidence of it.
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