Feeling Well Washed

Nobody has turned off the washing machine yet, as today's morning sweep lower washed out all of yesterday's longs and the entire 3 day range lows. Once washing machine mode is identified, it does make it rather fun, no?

And it "just so happened" that average initial balance volume, R2, 9:00 PT, and a minor low of the previous swing lows all coalesced to produce a very high-odds reversal trade.   And it just so happened to work really, really well!

Program, Program on the wall; who is the most transparent of them all?

We correctly assessed yesterday that the fooling around at the 50 day was a negative clue. And we also were prepared for washing machine action. Our real question now is if today's minor low reversal will be jumped on?  Or if the down trend will continue? Today's action featured intra-day washing machine movement, and this is a bit of a change.

My best guess that lower attempts are high odds.  But we counter that bias with the notion that this is a textbook reversal zone in a bull market.  And are on watch for a push higher.