Trend down, a 50% Gann retracement from the previous range down with only 5% capitol risk is a perfect SITM ABC trade.
I made a rare sycom entry last night, since I happened to still be working at 12:30am this morning. Seems there was nobody else up trading, since the DOW had retraced almost 100 points from the 8640 high without a single trade happening. My stop is 22 and I will add to my (small) position on another break of 96, with my stop again at 22.
The bigger picture (weekly swing chart) is up, so I haven't thrown the house on it. A break during the next few days of 28 would again look bullish.
Been a tad busy to watch the action, so this is my first trade in almost a week.
