Today's session was characterized by two-sided activity, with buyers working to establish value in the upper distribution of the previous week. Contextually, not much has changed after today.
Today is sp interesting as the first liquidation is caused by the passive sell at 95 at the same time revealing the 85 80 passive sell. The second liquidation stopped all the 80 85 buying attempt but didn't take out last Thurs low while give buyers a shot at 75. The final vicious one probably stopped all the buyers last yet cannot fill all the Wed. breakout singles...
Buyers continue to use the window of debt ceiling to gain acceptance and grind up. Sellers remain on the back foot. NVDA earnings on Wed will provide a clue
Today is sp interesting as the first liquidation is caused by the passive sell at 95 at the same time revealing the 85 80 passive sell. The second liquidation stopped all the 80 85 buying attempt but didn't take out last Thurs low while give buyers a shot at 75. The final vicious one probably stopped all the buyers last yet cannot fill all the Wed. breakout singles...
Vix 18.12 big res turned into sup!
95, 85, 80, 75...
Buyers continue to use the window of debt ceiling to gain acceptance and grind up. Sellers remain on the back foot. NVDA earnings on Wed will provide a clue
Lack of ascent fuel!!! We need to recharge this with a liquidation break.