Move not unless you see an advantage; use not your troops unless there is something to be gained; fight not unless the position is critical.

Not much to do today. Placed a few stop losses, placed a few limit buy orders substantially lower from here. Waiting otherwise.

The ability of the market to correct by going sideways to consolidate gains rather than back down is impressive. But the type of junk rallying today - small cap biotech, Chinese small cap no names under $3, is the stuff of legends. Legends who are getting long in the tooth and late to the game.

Still seems like this market would like to hit S&P 1000 to have everyone throw in the towel and join the parade.

EDIT: Day after day after day of last minute volume spikes. 3-4x the volume of most of the other 5 minute periods the rest of the day. Either traders (humans or computers) exiting their daytrades, or someone with a mission with SPY buying without regard to price to mark up the market in the last 5 minutes aka the persistent buyer.

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