After the sell off yesterday, my plan was to look for any continuation patterns and short any pullbacks to the previous days highs, lows or support and resistance levels. Don Miller trades this way on what he calls MATD (morning after trend day) and I had that very much in mind before the open.

Managed to stay out of the market most of the morning and then saw a textbook setup – pullback to the 20 MA and at the same time the MACD histogram bars were decreasing and looking to go from red to green. Instead of going short I’ve gone long looking for the market to continue upwards till lunchtime, or when the US markets open.