Now that we finally got some real weakness at resistance, how will the bulls react? Will they buy this dip strongly or meekly? A meek response will suggest further declines. I would expect a slow climb back higher over the next hour or two and then possibly a late day failure rather than strength. If that comes to pass, tomorrow could be a crack in the bulls armor finally for a real day down.
The Daily Dose of Trading Comments
Here you'll find short quips concerning the market mood and direction posted intra-day as the market dictates and time allows. You can find TATs strategy here. Comments here are from a trader who trades for a living.
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