US100 Institutes trapping retails for exit liquidity
We closed Friday at the local support pf 14600 and went through it like a knife through butter down to the next major support at 14400. If we do not hold that there is a high chance we dive into 14000.
A Pattern that keeps repeating is that we see green candles in premarket, fooling average Joe that the dip has ended, average Joe buys in, and in the second half of the trading day institutes DUMP IT.
That is, the retails SEND IT and later Institutes DUMP IT.
Be very careful on green candles...false breakouts are a known tactic to attract exit liquidity.
Only get in the market when it is very well clear that the tanking has ended.... hard to call but you know...
A Pattern that keeps repeating is that we see green candles in premarket, fooling average Joe that the dip has ended, average Joe buys in, and in the second half of the trading day institutes DUMP IT.
That is, the retails SEND IT and later Institutes DUMP IT.
Be very careful on green candles...false breakouts are a known tactic to attract exit liquidity.
Only get in the market when it is very well clear that the tanking has ended.... hard to call but you know...
I am the defender of the retail against the wolves of the wall street
