A Bit of Short in the Hole

Nice movement again today after Friday's double distribution sell day on the look above and fail on the daily.

Here are a few slides from Friday's session to review.  Today's session comes next:

TODAY: 
Today offered nice trading on the morning sell channel.  It was steady as she goes downwards until a base with strengthening momentum printed.  The final minor low was right S2, and a minor low of the Fed spike lower a few sessions ago.  Asymmetrical opportunity for sure!

The TICK  was especially telling today as we highlight our insights on the slides.

INTRADAY SLIDES:

 

TOMORROW?
Sellers just stunk up the joint today with a host of divergences as evidenced by Brett.  Most likely an up-test tomorrow of some sorts is what we hang our odds-based-hats-upon this evening.