Tuesday, July 29, 2014

Two way auction process!

Today was a little tricky intra-day without a lot of accumulated experience.

But with yesterday's squeeze event, I was very suspicious of the mid-session base above VWAP -- Normally a high odds situation for further movement higher.

But structure gave it's clues.

No huge flags by my eye to anticipate further downside -- other than the fact it's about freaking time for a Big Red.

But I'm not going with downside unless blatant structure indicates to do so.

High odds, the inventory goes back higher again tomorrow.




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