Today was tricky. The coil and go breakdown below the VWAP made NO sense to me given the moderate structural dynamics (and a crap load of stocks up despite the financials and energy). I've seen many a day far weaker in structure never make it more than a tick down before reversing!
But, alas,my suspicions were well-founded as the market V-reversed today all the way back up to range highs once the S2 destination target was met.
All hail the computers!
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