Morning balance gave way to a low momentum/volume double distribution look down below yesterday's range lows -- and subsequent failure back up into the range. The two references below, the 50 day and gap fill, were just to juicy for the programs to resist for a liquidity-run-test.
Mondays have been historically, as of late, snoozer-fests with little volume or range. If this metric changes early going it just might be a nice clue that "change is here".
A steady drip lower, or a powerful impulse by the programs to launch a reversal at the 50 day would not surprise me.
It's above my pay grade to make a call for Monday.
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