Big - Red - Or Is It?

VIX puking to low 12 last week always a clue.

So we get a red bar today finally.

The structure summation:

-- Confident morning move lower without too much rush, so odds are for continuation.

--8:00 reversal that falls short of VWAP with a tail on the 5 min.  Sediment negative extreme -2000.

-- And this move lower is a breakout from balance on the daily.  1st day down type of stuff with increased volume.  Short it.

--  But selling morphs into balance-grind lower.

-- Which sets off a 12:00, last hour bounce.

Sellers better watch out for tomorrow is our best take.

If they double down, then we don't fight it.