Monday, August 4, 2014

Too Short

We knew the risks.  A lot of short inventory.

Today's 8:00 look down and fail, and subsequent triangulation, was the all clear for the buyers to hit the gas and print a rather awesome double distribution breakout trend move.

Structure foretold enough for high odds trades.

Tomorrow will be interesting to see who can take the baton!

Buyers have the nod.  But a don't count out sellers for a retest of lows.




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