The true trade of the day was the minor low print and excess tail of yesterday's range lows. This market is printing minor lows day after day after day after day. And the price action leading into today's trade was low confidence which made the trade even more juicy. And the S1 reference level was right there too.
This market is continuing to creep lower in the most low confidence fashion possible.
Should the buyers not step in hard soon, I will be shocked.
We have some wonderful price action to feature in tonight's slides on the 5 minute.
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