I will probably reduce my intraday posting that I have done so I can focus more on my trading. While it helps to clarify my thoughts, and I like having readers, I find posting intraday has become somewhat distracting to do my trading at the same time. However, I want to put these charts up for Monday so I can focus on trading tomorrow instead of writing. 🙂

Midcaps held the March 22 low and made a higher low on Friday, which positively diverges from the Dow performance. Similarly XLF also made a higher low. The Dow eventually went to my 20,500 target, landing on 20,529.67, which I had suspected might occur all along, but then posted a possible lower target of 20,222 which I think distracted my focus a bit, perhaps – not sure – in exiting the remainder of my SPY puts which I had a really nice profit on and then turned into a small loss on the bounce, and then eventually I stopped out of. I really hate turning profits into losses. I suspect last Friday for the Dow was the low of this corrective wave.