And higher it did look above but, just like yesterday, sellers hit the gas at the gap up open. And all the overnight long inventory got summarily squished like a bug.
And we were not astonished whatsoever when the 9 o'clock low produced a sizable reversal rally almost two the VWAP right on cue.
The reversal back to range lows occurred just before 11 o'clock today, so the programs messed with that time reference ever so slightly.
It is:
September
2000 zone excess tail
Will this bring in a red move?
Nod to the buyers for now, but a failure could accelerate intraday.
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