The Grind is On?

This is just the action we expected after Friday's V-rebound. 

Don't out think this stuff. 

If they keep doing this, without a major reversal, then it could go on for weeks back to highs.

Not getting ahead of myself but I'm keeping that option open in the head, so I don't out think it.

Corrections can look really scary.

The Game is Still On

Fantastic day today.

And the destination trade was the 200day.

You do not get a softball like this very often.

Hear this astute trader?

I didn't seek out to see if anyone else saw this, but I didn't hear anyone talking about it.

My best guess is the the upwards grind probably kicks in to gear.  Such a mechanical bounce shifts the odds greatly.

But we will see.

Plus the VIX spike will have to be viciously attacked.

Dump Back to Lows

It was obvious out of the gate that sellers were in control and were on a mission to re-balance yesterday's long inventory. 

Trade of the day was to sell VWAP test at 11:00. 

If not short there, a sell of range lows for the destination trade to prior lows was a great trade. 

110 point range today folks. 

Short in the Hole

They could not get it down, so they punched it just after 11:00 and the session printed green.  

Trade of the day was to buy the VWAP being punched through.