Red Light today.  We were taken out today on the SPY with a full loss of .42 and on the Option full stop of .16.  Second time this year we had a full stop taken out.

Rules kick in when we get 2 stop in a row.  This indicates a battle over trend.

Stops: When you have 2 losses a row you must not trade until you get confirmed momentum change long or short.  Conformation meaning: 2 days in a row closing above or below the Primary Pivot (PP). Take the 3^rd days bounce off the PP, and trade in that momentums direction.

For the rest of the day we can not trade.  We have to wait until tomorrow. We need to wait for the trend to show us the way.  This is a sideways market.  If we play this market we will get chopped up and loos money.   

For tomorrow,  If we close below the PP today then look for a back test of the PP tomorrow and go short.  If we close above the PP, today, then we can't trade long until Thursday with a back test of the PP.  Go long as long as we get two day above the PP in a row.  We need two days close in one directions in order to take a trade in that directions.