Today was a nice example of a very elongated, liquidation-up initial balance that was not sustainable. This has been a common structural cue noted many times via this blog. If it gets to wild in ABC periods, then watch out on continuation trades because inventory is most likely too emotionally long/short. Today's freakish excess tail paid the high-odds piper. A retracement to halfway back after the perfect 9:00 HOD print.
