And it is always cool to experience the feelings of "I knew why it did that", even if execution was not perfect!
Here is what we want to cover tonight:
1) Yesterday we noted the B formation indicating selling drying up or longer time frame buyers stepping in as a potential flag of note.
2) Today's session opened within yesterday's value area and within the "teeth" of yesterday's balancing. Then it based for two hours, extending yesterday's B formation.
3) The selling break lower, below yesterday's lows, occurred from significant balance, indicating that is was a double distribution print. Double distributions have unique characteristics. They "should not" fail. Any signal of failure is to be taken seriously. And today printed a big excess tail right at the daily 50 day. And the programmed buying stole the show from then on for a trend day higher.
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