This afternoon the algos were high gear.
Really in an effort to move value up - late in the day this was accomplished.
You needed a 15 second chart to trade this market this afternoon.
Inventory is balanced at 4350 for the last two days.
They would not let out the longs that were targeting 4368 where there is a VPOC.
We are in the middle. 4414 lies a VOC and right at 4300 lies another one.
Pick a direction.
We break over 4368 - personally I'll join the party long - otherwise I'm looking for a break lower first.
Most likely they will want to strip contracts from longs first before proceeding higher.
4320 might be the bottom for the immediate future. Lots up in air - and not easy to trade.
Watch AAPL for signs - a rally is unlikely without Apple. Its been on its heels as of late.
Be careful!