We are below the volatility trigger at 3890 that we talked about yesterday, and consequently the markets have sold off a bit now overnight.
I would be careful blindly buying the dip here, I think the buyers could be in some trouble here.
The area we are at 3865 has some volume beneath it, so it's not doomsday, but the market is on edge here and we can see the selling gain some momentum.
I'm going to use 3890 as my over/under for the day, and play the short side until the market takes 3890 back.
I would be careful blindly buying the dip here, I think the buyers could be in some trouble here.
The area we are at 3865 has some volume beneath it, so it's not doomsday, but the market is on edge here and we can see the selling gain some momentum.
I'm going to use 3890 as my over/under for the day, and play the short side until the market takes 3890 back.