Monday, July 1, 2013

Up, Down...up or down next?

Bullish tendencies printed today...

That is until they didn't.

Up morning, afternoon selling.

But volume was really low, so I can't really sound the downside alarm based upon today's action.  But I do think today was bearish.  And my over all structural position at this point is bearish.

But it's pre-holiday and we note this fact.

Today we take an extra-sharp eye at the 5 minute structure to divine clues that gave the astute trader an edge in gaming the afternoon selling.

But, of course, the bigger picture references most always set the dinner table.







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