Great Evening! Yet another one of those days we see so often this year. Smash down selloff in the morning, mystical bounce in the afternoon. Regardless of why it happens, how the price structure unfolds can make things quite predictable to trade. Chart One The S&P sold off early as expected, rewarding shorts along the way. But... it smashed down a bit too early, leaving a lot of time on the clock for profitable shorts to get nervous. Price action hit layered projection targets as o[...]
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[Source: The Money Blogs]
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