Tuesday, June 30, 2015

Good Bye June

Last day of the month snoozer.

VIX still near 20's after it's strong breakout from the bottom of the range abyss.



After yesterday's selling event, price gapped up then ground lower until midsession. Very respectable rotations from high to low after that.




On the five minute we note just how mechanical the selling was. For priced about at the gap fill, and then subsequently bounce at the prior session lows, tells me that real sellers are not around and we are looking for push higher.




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