We opened up the day with a small gap down that lead into massive selling pressure off the EMA test. This also gave a near gap fill miss that will have a lot of buyers who didn't get their targets nervous and likely to exit causing a spike down.
Once the spike down occurred, now we have a huge amount of bearish sentiment that will pile into the market knowing that buyers are trapped and they will do everything they can to get the stop run for a bigger move into easy targets on the sell side!
Test-Drive our Advanced Membership Click here to register for the Free Trial!
Are you a Crude Oil Trader? Click here to trade Crude Oil
Are you a Euro Trader? Click here to trade Euro
Are you an E-Mini Russell Trader? Click here to trade E-Mini Russell
Are you a Gold Trader? Click here to trade Gold
Join the Premier trade-room as an Advanced Member