Another not real high confidence beat down today and 2nd double distribution day in a row.
We expect some upside tomorrow.
Good structure intra-day to hang your hat upon.
The early morning balance had three VWAP rejections, indicating that sellers were in the house. While the price action triangulated to the downside shifting the odds to downside breakout. The breakout powered until S2 and 12:00, and produced a nice reversal from there.
Lots of action in the slides today!
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