A Bit of Selling

Very interesting trading day intraday. The sellers managed to pull a rabbit out of the hat and pulled off a rather decent grinder down. It was low confidence, mind you, but the traditional reversal zones were just rolled through.

Based upon structure, we were high-confidence that it was not going to be a ceaseless trend a down once the morning range was broken.

But they took it farther down than my stops could take, thus it was a learning day for me.

We are going to go through the slides on an intraday basis, because today is one of those days to firmly analyze and learn from.

And we will also take a look at some of the monthly charts of the bonds, gold and oil to see what's going on in a macro-sense.

Intra-day Action: