Will ES Playout this way?
Looks more like it. With the CL going down, XRT hitting the top of the channel, we could face flush on Monday, key is to watch out for the volspd and ticks. The indecisive market internals for the past two days have probably have enough buyers to panic on a sell off / a Rip higher. What bothers me now is, the PC ratio. There is no panic there, the Dip Buyers confident will have to fail, for the market to reverse.
Watch out close, Monday action will be important
Looks more like it. With the CL going down, XRT hitting the top of the channel, we could face flush on Monday, key is to watch out for the volspd and ticks. The indecisive market internals for the past two days have probably have enough buyers to panic on a sell off / a Rip higher. What bothers me now is, the PC ratio. There is no panic there, the Dip Buyers confident will have to fail, for the market to reverse.
Watch out close, Monday action will be important
Uday C Santhakumar