Today breaks that streak.
Perfect trading day and here is why:
I call today "sediment extreme continuation trade".
1) 1st day down from near highs and laggard longs are trapped.
2) Relative volume north of 2+
3) 3 perfect rejections of VWAP tests.
4) TICK unable to muster even a +600 reading
Guys, when you get all of these ducks in a row, it's high odds that the day's range lows are going to be breached and price will continue lower.
For my trade, I set an arbitrary limit buy order due to being out of the office. But am sort of glad that I did, as the last hour short covering can really mess with one's head -- and profits if being wiggled out in the re-trace!
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