Friday, July 24, 2015

Trend Day Lower

The price action confirmed our bias from yesterday and a good old-fashioned trend a lower printed with a mechanical 12 o'clock reversal into the close.

These perfectly mechanical late session short covering rallies are always a flag. If not tomorrow, I would expect some sort of by response soon in the zone.

That, or the market has changed and the implosion continues. But that's low odds bet for now.


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