As is frequently the case in my trading, the market moved higher shortly after opening a position. The February CIB trade is getting close to an upside adjustment point. In the video below, we walk through the market environment in the Russell 2000 as it relates to the trade. That discussion includes some longer term technical analysis with a focus on areas of consolidation and where the market seems to be trapped. We finish up with a discussion of the adjustment for the position and where the new adjustment point will be if we get there. Have a good holiday weekend and let me know if you have any questions in the comments below. Enjoy:
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