It was obvious from the get go to not even bother to fight long.
And then the NYSE shut down, probably as a result of the Chinese markets imploding, just made it a hands off type of day.
Nice 9:00 low reversal trade back to VWAP and a nice VWAP transitional structure short at 11:00. Even in a market shut down, the 9:00 and 11:00 zones were in play
But with the NYSE and TICK out of commisison, it was one wierd session we just watched.
Grind lower down low confidence and prone to reversal.
How can it not response up tomorrow?
Vix way up:
Metals and a stock or two are very good examples of how markets really work when buyers froth to the upside. Ultimate pain and ensue -- for years.
Today's action:
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