Pre market narrative

Post market summary

• The question is if what we saw the last two days with big news influence is an excess on the top or not
• We open with gap down 
• We get minimal fade
• We go down all day and create a liquidation b-profile
• We close below the big balance area low
• It is a liquidation profile with 77 points of range. Not a trending day. 
• As such it is not a total capitulation of buyers. But unquestionable we are down on the daily down after excess on the top
• Excess marks the end of one auction and the beginning of another
• The next days will bring if we get  a) breakout fail and come back in balance area b) continuation to the downside or c) new balance