Thursday, July 17, 2014

3rd Day 9:00 Response

Markets came alive today on the heals of the initial balance HOD reversing so perfectly at range highs.

Skyrocketing VIX:



But intra-day was still very programmed, and a 12:00 east coast time bounce occurred yet again for the 3rd day in a row.  Nice trade there.

But the upside move failed and the coil at range lows triggered a nice liquidation event down to multi-week lows.  With the double top high in above, that was good structure in which to engage for a short side try. I'd have taken if at the desk.

More falling after hours as I type this:

Is this market finally in for it?

Or do the programmed buyers step in again?

Hell, it's going to take WW3 to get this market down.

Or will it?









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