I hear that. Today was like they figured out a way to totally obliterate any semblance of TA and PA. Caught me off guard but I weathered an unacceptable drawdown. Unfair advantage: FED
I don't think was negated at all! Close was below upper shortest term trend resistance and volume confirms downside activity. What is interesting is that at 8:30a(pst), the daily volume was running at 75% of yesterday. At the close, volume was only 1.21% of yest. So you can see, the vast majority of volume came during the first 2 hours of trade, and was clearly down. The rest of the day was merely retrace, as noted by the shallow pace of the resulting volume. Here's a daily, showing the close below the upper shortest-term trend line. Also, as a reminder, ATH occurred in February. Context... Always keep things in context.
This x100 - including yourself Spy! I admire someone that can work so hard at something for so many years and still be gracious enough to pay it forward to others (for free no less). Much gratitude and appreciation @ all of you - even if its the smallest contribution. I one day hope to be able to give back what you've afforded to my eyes. Any of you go through western NC one day I got your meal and some brews!