Today I missed a great trading opportunity and though I'de share it with you all. I was too busy shorting all morning that I remained flat during lunch hours just to watch the markets lift for 80 points.
Basically the YM had a nice little downtrend during the morning session just to find key support around the previous zone resistance level at 11940. Plenty of buying pressure showed up to push prices towards value.
The markets basically said "oops" to me and indicated that it had gone too low and wanted to return where it felt comfortable. Hence, the price acceptance in the new zone still remains valid.