Red Day

We got the expected upside push early on, but the move failed miserably to morph into a trend day lower.  We hated the move up for much of the week, anticipating a Big Red push lower, and it finally printed today.

Volume way up and the range expanded to 36.75 points from yesterday's 12 point range.  I'm telling you, when laggard moves higher print such low daily ranges, WATCH OUT!

Will sell in May print in April?

Will responsive buyers jump in?

I think sellers have more work to do before we worry too much about short in the hole rearing it's head.