Sellers defended 3935 in both the ON and RTH session, indicating a sustained state of weakness, resulting in an outside week to the downside. Have a great weekend!
Did you see the aggressive sellers absorbed at 3850 this session? The candle showed a positive delta. However, I think today's low is still an unfinished auction given the presence of Ask volume. Could the local bottom go lower?
Yes, today's lows saw a significant amount of aggressive selling, which was absorbed. M-period failed to take out the I-period excess, so that will be something to observe short-term, along with the 20% correction level of 3847.
Hi, Smash
Did you see the aggressive sellers absorbed at 3850 this session? The candle showed a positive delta. However, I think today's low is still an unfinished auction given the presence of Ask volume. Could the local bottom go lower?
Yes, today's lows saw a significant amount of aggressive selling, which was absorbed. M-period failed to take out the I-period excess, so that will be something to observe short-term, along with the 20% correction level of 3847.
HAGW King!
You to Smash 🫡