Low Confidence Sellers

Big volume came in on the last day of the month.

28 handle range.

Just after 11:00 double distribution look down from the range, and fail.

Yet another tail on the daily now at trend line support.

Low confidence downside action once again.

It's May now and buyers are due to go away, but sellers need to step in, or else they will find themselves short in the hole as buyers will jump upon this setup.

We got a repeat of the bull market, Friday up / Monday down pattern.

Markets still holding their pattern of being  very trendy after morning base or reversal.

All Time Highs

A nice morning triangle breakout to all time highs.  Base, and afternoon minor pullback.

The game goes on!

Creeper down.  No real classic patterns to exploit today.

Friday Selling

Extreme sediment holding firm.

King VWAP never breached.

Trade of the day was to short that VWAP.

But in this bull market responsive buyers smoked the shorts.

Inside Range Day

Inside range day.

Trade of the day was the 11:00 base breakout

Yet another 1st hour and a half look down and fail.  Nice transitional structural entry on that one.

But the rally just to a minor new high.

And then brain numbing chop.

Friday up / Monday down.

Two way auction process.

Market is becoming more and more trending.

Friday creeper grinder up.  Classic bull market day.

Typical Bull Market Day

Today looks like this market still wants higher. 

Fed Balance

Fed minutes inside range day.

The minor lows of yesterday's range were in play.

Just as we aticipated, yesterday's late day swoon is usually bullish.  And morning buying was a good trade.

But those prior day minor lows 1st hour and a half, trade of the day again.

Minor High Balance and Puke

Just a minor high look above and fail of the previous range high zone today with a final hour puke into the close.

Oh those minor highs!

Yet another one just before 8:00 with excess!

As per our on going evidence trail, last hour pukes in bulls are typically bullish going forward.

At least for an inventory re-balance trade.

Bullish Gut Check

Mess with the bullish patterns in this market, and get the horns.

Perfect trend higher, and a textbook last hour reversal at a visual reference highs.

Balance Day

Lookdown

1st of the month jumper buyers got liquidated in the overnight session with major slip.

But all it did was rebound and balance.

Excess now in at range lows and this is bullish.