Nice morning

I was suprised how strong the morning was, Now we are starting to get serious about breaking down, getting into the 1430-1415 range and the 12900-12800..



This is super defensive bear trading, after getting burned over xmas, they are super cautous. 50% retracement then cover, repeat (maybe you call it a backtracement), but if your momentum is to the downside, a little retracement would be to the upside right? but it's getting more agressive on all indexes.



I expect to see some more serious d-fence at 1420 and 12800... but the dow is the strongest right now.