Since last Monday's sell-off, we've had some institutional quarter-end window dressing. Still, no accumulation as the up days are on declining volume, excluding Russell re-balancing which doesn't count. I'm expecting that the bounce will fizzle out once the window dressing is complete. S&P /SPY may be setting up for an ambush back down as it approaches the 62%
retracement of the previous leg down.
Day trade
CELG after breach of support reverses with a hammer-like stick. Easy to spot these if you have S/R lines mapped out ahead of time.
Since last Monday's sell-off, we've had some institutional quarter-end window dressing. Still, no accumulation as the up days are on declining volume, excluding Russell re-balancing which doesn't count. I'm expecting that the bounce will fizzle out once the window dressing is complete. S&P /SPY may be setting up for an ambush back down as it approaches the 62% retracement of the previous leg down.
Day trade CELG after breach of support reverses with a hammer-like stick. Easy to spot these if you have S/R lines mapped out ahead of time.
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