Today August 1st, the market will open lower, then rally back and go green, this will market a short term bottom. It's just a hunch.
Nice early AM call but they gots to test that overnight low. I'll be watching the volume down there. lj
DIA 11 AM volume says they test again. 60 minute YM volume shows outside down which is suggestive but not forcing for further test of the overnight low. lj
I was about to give up on my hunch, then boom the last thirty minutes. It just about had me faked out.
Seems we were both right for today, you moreso than moi. I don't think we've seen the last of the 4:36 AM 13111 low, but who knows. lj
Sooner or later we will break out of the range, it's been a good tradable range. AD today Advancers-1642......Declines-1486 would like to see some conviction from the bullS on these up days. Yesterdays 2.40% up move with not even a 2-1 advancers is piss poor