The chatter in
pre-market was that the market was anticipating good jobs data next week and would likely continue to rally into those numbers. The first half of the session supported that idea, but early afternoon was hampered by another weak auction and more headlines out of Europe regarding aid to Greece which popped the greenback and melted the markets. At the end of day we have a lot of shooting stars and bearing engulfing sticks.
POT attempted to BO of a solid base on the open but faltered. This was followed by choppy trade and a series of lower highs and lower lows, eventually setting a low risk short on the 5 minute
timeframe below.
The chatter in pre-market was that the market was anticipating good jobs data next week and would likely continue to rally into those numbers. The first half of the session supported that idea, but early afternoon was hampered by another weak auction and more headlines out of Europe regarding aid to Greece which popped the greenback and melted the markets. At the end of day we have a lot of shooting stars and bearing engulfing sticks.
POT attempted to BO of a solid base on the open but faltered. This was followed by choppy trade and a series of lower highs and lower lows, eventually setting a low risk short on the 5 minute timeframe below.
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