Pre market narrative
- Trying to breakout from that 10 day balance
- If that breakout holds, go with it
- Yesterdays move was on high emotion
- These moves consolidate/retrace one day
- Generally the tone is up as long as we stay above balance area high
- But remember that in a bull market we often see short term inventory getting too long …
Post market summary
- We explored higher and failed
- Consequently we had a little liquidation break
- Rest of the day the market settles