2022-09-29

Balance rules again

  • Thursdays strong covering makes people expect a little more, eg. gap fill.
  • Longer term sellers feel comfortable to sell at higher prices
  • Gap down switches that feeling to the opposite. They have to hurry now because their selling prices suddenly get worse instead of better
  • Market reaches bottom of balance in B-Period
  • Nice pullback that holds at vwap 24. These were rare in the last weeks