Gap fills, timing, and trading..(an excerpt from my trading journal 12/16/22) 

Today is interesting and I am skeptical of the 3,748 filling at some point, though with the market gapping down it is at one of the support zones. So it doesn't have to fill today. If it does, cool, though can't rule out today being flat or otherwise choppy because of quad witching and other conditions. One thing I always have to be mindful of is being married to my desired outcome.

 Yesterday was a perfect example. I took some good profits at the 3,934 area and left open 1/4 of my hedge position. The SPX then fell to 3,879 to then bounce to 3,907 or so where I bought back my hedge to get me back to 50% hedged in my trading account. The message of the market had changed and it ended up closing below the 3,900 support opening things up for another leg down. 

Facing the same difficulty this morning as prior referenced in my other journal notes, I'm taking some of that hedge inventory off with good profits and will leave 1/4 open again in case the market decides to drop further. I'm not expecting anything though, will just see what happens. There have been more than a few days this year where all the action occurs overnight and there isn't much to do during the day once I'm repositioned. 

Have a great day and best of success!