It is amazing how much the volume drops off after the European close at 11:30 AM ET. The bots turn it down a notch and there seems to be almost no human trading. It does make it tougher to daytrade, but it doesn't make much of a difference in bigger time frames as these bots are most daytrading.
Today's action has both positive and negative implications. In the very short term, the market will likely edge higher, but in the bigger picture, we are topping out and European weakness is starting to show, forecasting future turbulance.
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1 comment:
That sell off was nice. A gap down would be nice.
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