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Market Review
The last few days have been devastating to the force. It’s like millions and millions of free voices have been silenced… And that’s all I got to say about that!
If you pull up a 30-minute (I like 37) chart I’m sure you’ll see a trading range. And rightly so. The high of 3824.50 was made on January 8th just after the bigger players took some off. Earlier that day the low bar was set at 3775 and that’s been the trading range for the past five days.
Yesterday by my eye, I saw the bigger players taking some off and getting out at the tops of the rallies. Fangs were selling at the open, the other groups waited until later in the day. And looking at the tight 13-handle range would appear to confirm that notion. I wrote that about noon yesterday. And an hour later…