It's all about volume. The volume is very light, the early day rallies are suspicious because of that fact, and we fade to negative... ...for the last three days. Where's all that liquidity now?
I am sitting this dip out, the tape all week has looked like distribution in the futures, we roll in a month Im sure their is some lighting up going on here. I need to see a correction down to the 50 day.
Looks like the 'plunge protection team' are arguing among themselves as to when they should load the cannon!