Working the Nasdaqs only earned the milk today. Longs were denied access to honey. Instead today was a seller’s market.
The profile is mega balanced, but sellers are pushing into the thin prints below, and this may lead to a colorful overnight session. Prior to this softness they were paying out money for buying value area low. Check this lovely out:
When the market eventually gave way to selling it called last Friday morning’s rally into question. Bulls won’t want to see Nadaq spending too much time below 4437.
Momo was out and about today, springing up in several industry groups. When seeing big gains in the indie names, it’s hard to give credit to the market crash claims.
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