Monday, June 8, 2015

Lazy Selling Into the Trendline

Been away for awhile.  Hope to update past market action.

What we have today is low confidence selling into the daily trend channel lows.

Do you want to be a hero and fight this scenario?

Probably not.

Hello buy response tomorrow of some sort on tap.



5 minute failed for a buy response at the minor low but the low confidence selling did it's thing for a nifty 11:00 reversal right on tap. 







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