On Friday, we saw a triple distribution trend day to the upside with two sets of single prints. I'm observing if we will get a follow through. Buyers not in any huge trouble as long as > 3875.
Unlike Friday's session, it wasn't favorable to chase further upside today > 3962 due to the lack of confirmation as you indicated. The poor high also indicated that buyers are crowded, making reversal trades even more attractive.
Thank you Smash!
Damn VIX near the highs even when we were green most of today. Def not a lot of strength in the markets towards the upside
Unlike Friday's session, it wasn't favorable to chase further upside today > 3962 due to the lack of confirmation as you indicated. The poor high also indicated that buyers are crowded, making reversal trades even more attractive.