Jan 19th 2023 was a trend day in the market. Most stocks DID NOT pull back to their 15%K OS for a high probability entry. They “rarely” do on trend days. Momentum is pushing the market higher and shorts are getting out of the way. This is why we DO NOT FIGHT THE TREND.
When that happens, we look to our playbook to take a different trade. That trade is the 9x21 trend trade.
Here are the best examples of that play: