Visually obscure subtleties are what we look for during these Wednesday sessions, since they are our most useful tool in identifying trading opportunities that will subject us to relatively little risk or stress. We found some excellent examples during this session while stalking possible trades in the E-Mini S&P and February Gold. We also got a chance to ponder a potentially tradable low in the QQQs just moments after we had “locked in” a nearly riskless vertical bear spread by shorting some January 51 puts against January 54 puts we had bought earlier.
