This reversal put a stake it in for me. The one minute charts are deceiving. It happened in a humanly impossible burst.
This reversal put a stake it in for me. The one minute charts are deceiving. It happened in a humanly impossible burst.
I was so proud of myself for dipping a toe in at 3:10... and then along came 3:39....
It looks like lot of buyers came in at 3:59, didn't they?
We have all the symptoms of a major reversal indeed. VWAP was resistance early and for the first time at the last hour rally attempt. Some large players tried to buy at the lows but larger players were waiting to sell in ambush at VWAP. We are now right on support cluster. Let’s see what the robot settings will tell us tomorrow.
Billy (licking my wounds)