Thursday, August 25, 2016

Market Psychology Of A Weak Bull Trend On The E-Mini S&P500 Futures;

We opened up the NYSE morning with a small gap down and sellers attempting to break down further with a very heavy bear candle to start the day off. The buyers swept the move right back up and engulfed the sellers essentially nullifying them.

We now have a potential for the buyers to take the market back up assuming the lows were now a fake-break and we should be going higher to fill the gap and possibly further to other objectives above!

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