The weekly has returned to balance after today's true gap to the upside, which remained unfilled. The session ended with an upward spike that tagged the last upside target of 4040. Tomorrow, we have FOMC!
Very astute observation of RTH vs. ON behavior. VIX sold nonstop and we did not even touch 1 STD in VWAP, which means the selling was weak. Once ORH was taken out at 4028.5, stop run galore
Very astute observation of RTH vs. ON behavior. VIX sold nonstop and we did not even touch 1 STD in VWAP, which means the selling was weak. Once ORH was taken out at 4028.5, stop run galore
Yes, the negative delta in B-period really lured in late sellers, who ended up being the primary driving force behind the afternoon session.
I feel this day and age it's all about active (unsuccessful) sellers and passive buyers... few active buyers in this Fed-rangebound market!
Just about had it with Initiative and Responsive sellers. :-D
Of course as soon as I give up on them. Lol.
Taking out stops all the way up here, now what? 👀
Minority won!