Tuesday, March 24, 2015

Buyers Lurking?

Very odd, low-confidence double distribution formation today as the entire morning balance gave way to a downside breakout that closed almost on lows of the session.

18 handle range with vix up.

But no volume increase.

Utterly neutral advance/declines.

No program tick readings.

Just bullshit grind that I firmly expect to be re-traced -- if not tomorrow.

But...

The daily Reversal zone is just above.  And it could user in more selling if the down trend catches an Ask-trend.  Plus this market has a tendency to feature creeper sell days that are setting a new paradigm for downside market structure.

And screwing with me.




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