Trader’s Daily Notebook: Keep Your Focus on Price

After three days of selling in the broad market, allegations that President Obama had President Trump’s “wires tapped” in Trump Tower, and North Korea’s decision to launch four ballistic missiles , I, for one, am pretty impressed with the resilience of our responsive buyer. The bears have had some noteworthy catalysts to cling to these past few days, and yet the E-Mini S&P 500 futures have only declined 1% since last Wednesday’s record close.