Downside Balance Grind

Ok, folks.

No bounce materialized today.

Just pure balance.  11 point range day.

Dollar and bonds trend moves higher.

Is today a balance-continuation-type setup for lower prices?

Or will a hard-hitting up move unfold?

This low confidence grind lower is not easy to trade.

Finding the jewel trades in this stuff not easy, but we point them out today in hindsight.

First off dollar and bonds.

Daily looks like it just might bounce.  If not, then sub 2000 levels are on the radar. 

Low Confidence Grinder Lower

A very low confidence down day in the indexes and we smell potential reversal up move in the cards.

Jobs Report Tank

Jobs report friday and morning balance broke down hard for a firm trend move.

TICK is your tell this breakout move.

Market Waiting For Jobs Report

Nice Day

Utterly perfect trading day, based upon the structure that we initiate trades with.

Trade #1 - 7:30, S2, TICK diverging, large excess tail, no big volume coming in.

Trade #2 - 9:47 minor high reversal above morning highs.

Trade #3 - Afternoon King VWAP.  'nuff said.  This reference can be so utterly powerful.  Rinsed by a tick and POW! 

EOD 

Bull Market Inventory Adjustment

Typical inventory adjustment lower and ended with a 9:00 minor reversal low zone at s2.

Not the type of stuff to hang your hat on for continuation lower at the VWAP.

Sellers have their chance here to pick it up.

Buyers are not scared.

Game on.

New Month and Up!

1st day up ramp higher out of the gate.

Then balance.

Then late session breakout higher.

VIX looking to test 12.

Higher we go.