- The market is trying to roll over
- We open with gap down after a large down spike so the market is already very short positioned
- On the other hand if we really roll over we could test the lows of the year and get further down momentum today
- Near zero fade. Starts like a gap and go
- We fail to go lower with the ism news
- The rest of the day we are in an upside movement but the buyers do not accomplish anything. They are not able to close the gap
- Buyers had all opportunity to reject these lower prices hardly but they did not
- Also sellers did not accomplish further follow through
- We end with value clean lower which of course is bearish
- At the moment the d1 up-trend is broken and we rolled over in a new down-swing.
- The next days will show. Next week we have the mid term election. Tomorrow is nfp. You gotta love it 🙂