A Very Happy Welcome to Wednesday,
As to today’s action…
We opened in a big gap from yesterday’s close but we stayed in a very tight range this morning.
We’re in an interesting place because we are nearing the top of some high-time frame value areas I’ve got marked so I would expect something big to happen soon…
Especially today the CVD was at -13000 which means aggressive sell orders are coming into the market.
It’s quite likely we’ll have a dramatic move to the downside soon since market orders are what move the market.