Volume PLUMMETED! Monday's have been prone to this, but geez. Lowest volume day of the year! Intraday range plummeted to 9 points.
A multi-day series of low confidence zombie grinder days always ends the same way -- with a Big Red.
No top calling for me, but at the swing high resistance zone right upon us, selling could very well materialize. On the flip side, isn't that liquidity zone at all time highs just too juicy for the programs to ignore?
We are short in the overnight as we expect some sort laggard long inventory adjustment move. If selling materializes intraday tomorrow, we will be leaning short with continuation entries.
No comments:
Post a Comment