Not much to say about today's tape. Strong gap down (all the way to
S3) and sideways all day long. As price attempted to trade beyond the morning's highs throughout the day, it was quickly sold. Trend lines were breached, the Dow is almost 100-points away from the lows, the dollar is back to testing near-term highs, and we closed on the lows of the day. A sad state for these markets (not to mention our economy as a whole).
Here's today's dull range for the SPY, only thing to do to avoid boredom was scalp the fast time frames...
A more apparent strategy for today was to short the test of the opening high range (that also coincided with a 20-EMA on a 15-min chart.
b-bye Nasdaq?
A
full Marubozu candle at the lows of the Dow; not a good omen.
look out below!
A more apparent strategy for today was to short the test of the opening high range (that also coincided with a 20-EMA on a 15-min chart.
b-bye Nasdaq?
A full Marubozu candle at the lows of the Dow; not a good omen.
look out below!
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