Given the solid uptrend in the last couple weeks, do you find it unsurprising that such little ATR was covered today, despite value continuing to be built in support of the trend?
Appreciate it! Yeah, the multi-day balance breakout is lacking tempo/pace, which is a function of the recent strong run, but also the market waiting for tech earnings. Let’s see what happens after earnings. A liquidation break would be welcomed to correct some of the recent inventory build-up and attract stronger buyers at better prices.
Thanks Smash!
Good analysis as always Smash.
Given the solid uptrend in the last couple weeks, do you find it unsurprising that such little ATR was covered today, despite value continuing to be built in support of the trend?
Appreciate it! Yeah, the multi-day balance breakout is lacking tempo/pace, which is a function of the recent strong run, but also the market waiting for tech earnings. Let’s see what happens after earnings. A liquidation break would be welcomed to correct some of the recent inventory build-up and attract stronger buyers at better prices.
Agreed, earnings should be interesting. The push the last couple days was really lackluster. Feels like buyers are just going through the motions.
The smash level was at it again today. Thanks for the high-value content!
Thanks Smash! Best levels I’ve come across.