Another Late Session Trend Event

Yet another 40 point range session. These late session trends are simply amazing. Once it starts to move, they click off 20 candles before you know it.

I have to hand it to Brett, as he called the top almost perfectly with his "chips off of the table call" a few days before the peak top in September.

Even though I don't follow all of his indicators, he really has put on a clinic showcasing many different ways to gauge sediment and how big divergences can signal upcoming weakness. He's featured nothing but negative indicators all the way down.

More selling to come?

Or will some buyers step in and trigger a short covering come Monday?

I'm sensing that a snapper higher is in the cards.   But having said that, my bias is lower and will respect downside action.

The 200 day is pretty obvious to everyone so we note that reference.

The trick in this current market as of late is to jump on the afternoon trend and ride it for an extraordinary amount of handles.