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Stepped out way too early on this one. I was not comfortable with getting in so far from my preferred entry point and don't put as much weight in countertrend moves, but I left at least another 80 ticks on the table today.
I closed this trade for another 60 ticks even. Two trades today, one short after blowing stops above the market, and one long after blowing stops below the market. Total 114 ticks for the day.
This is the areas where sellers will come in, if they are going to reverse. The large sellers rely on the heavy volume of stops blowing, which just occured above the green line of the most recent pivot. The RSP is still intact.