So what were the nuances today that the astute trader noted to capitalize upon?
1) 7:00 inventory re-balance look down reversal just like yesterday -- Check.
2) Push higher to previous session's range highs and reversal -- Check.
3) Retest of highs unable to even stop gun previous day's range. Two more subsequent lower high tests indicated buyers were just not going to get it done today -- Check.
4) A couple of near perfect VWAP reversals the programs jumped upon -- Check.
5) With buyers obviously out of bullets, the programs hit the tape at 11:00 for a swoon to just shy of yesterday's range lows -- Check.
Ironically, as mundane as the day was, it was a very interesting day.
The odds say up, but everybody, and I mean everybody, is expecting this. We will go with whichever way the breakout out of balance wants to blaze a trail!
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