Thursday, April 21, 2016

Fading The Buy Failure On The E-Mini S&P500 Futures;

Today we had a relatively slow range bound day with a spike and channel formation to kick off the move towards the downside for the sellers. The buyers tried to get the breakout move back up and completely fell apart leading into a large sell back down.

This type of failure is a great clue on what is going on and what is likely to happen and gave a huge warning sign of the pending sellers coming in to short it to the lows!

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