Today was weird -- and flat as a pancake. NYSE advancers and decliners almost dead even. Multi-month breakout in 1st hour volume and all the session could do was balance with declining volatility?
Even with all of that volume coming in today volatility was not up -- which was unusual. Today's range only a 14.5 points versus yesterday's 27.25.
There is something weird in my gut. I can't tell if sellers were winding up today, cautiously not really showing their hand. Or if inventory is getting too short and pop back up into the range we will go.
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