Monday, April 14, 2014

Inside Day

Two ways to interpret balanced inside range day structure today in order to anticipate tomorrow's movement:

1) It shifts odds to buyers as weak handed shorts will once again panic cover with the green bar print on the daily. Can the buyers resist dog-piling upon a green bar?

2) It shifts odds to sellers as today's consolidation of two days of selling indicates a pause before a continuation move lower?

I think scenario number one gets the nod for tomorrow.  Especially when contemplating intra-day structure.  Price could not even explore to yesterday's range lows on the puke move from highs.  And a V reversal from lows from hungry buyers too boot.

The minor low of the gap fill was the trade of the day long.









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