Thursday, March 26, 2015

No Sellers

We got a bit of a lift after yet another minor gap down.   Over 20 point range today with the VIX way up.

But what disturbs me is that sellers came in mechanically right at 11:00.

And now with price so close to range swing lows, I'm suspecting that some stops could be tested lower.

I'm mixed for tomorrow.  I think the usual will happen -- low confidence sellers will be punished but am on watch for a look down.




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