Having trapped bears yesterday and a possible gap up today, look for selling today that will trap bulls. It will confirm downward momentum shift as the indicators are diverging from price action across the board. This is when the market snaps lining up with indicators. Will today be the ‘snap’ day?
Note
Oh! The drama! We have also driven low volume sell-off today. You can run from the indicators but you can’t hide. Sometimes!Note
Will wait for afternoon to buy SPXS.Note
What do know!Trade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.