Something we forget about the patterns of cycles.......

Yesterday was a nice example of measured pullbacks as shown here on the chart. The market rallied higher only to be met with sellers at or near the same amount of retracement as the last rally. When we combine this with the ZLR and other tools we talk about in the chat room.......It just all the more easy to take a trade....with defined risk.....oh yea the first bar trade cleaned up yet again this morning....YAWN.