Saturday, April 22, 2017 3:39:30 PM
Buy:sell, daily shorts & pps 04/19 2017 EOD
In summary, yesterday's assessment still holds: { Everything today suggests near-term weakness as most likely. The down leg should continue within the medium-term consolidation. We are not in short-term consolidation now I think. } There were a couple items below that tried to suggest something less negative but they were buried by a preponderance of contrary factors.
Today was back to the typical behavior with a high open, go higher by 10:04 (day's high), drop to near what would be the day's low by 10:10, and then do a wide spread flattish very low-volume sideways through 10:41. Then a big drop set the day's low and was followed by very low-volume near that price. 11:09 moved price up to about the middle of the day's range to that point and began a long, drawn out consolidation, moving the highs ever closer to the lows until 12:55 began a long flattish trade pattern through 13:50. An attempt to get price up failed and 14:32 began trading between the day's low and $0.78 until the last 30 minutes raised the lows up to ~$0.7740, which was also the close.
There were no pre-market trades.
09:30-10:04 opened the day with a 1,617 sell for $0.79. B/a just after open was 339:2K $0.7960/99. Then came 9:32's b/a 339:1.6K $0.7960/97, 9:44's 200 $0.7960, 9:46's 3.1K $0.79/$0.7804 (500), 9:47's 100 $0.7811, 9:48's 700 $0.7849, 9:49's 1.2K $0.7849/50 (100)/49, 9:50's b/a 850:100 $0.7810/50, 9:50's 100 $0.7849, 9:55's 1.7K $0.7899/00 (1.4K)/01/00, 10:02's b/a 868:100 $0.7900/50 (bid jiggling 100 $0.7901). The period ended on 10:04's 3.6K $0.??:??.
10:05-10:15, after one no-trades minute, did a drop on 10:06's 700 $0.8049, 10:07's 1.6K $0.8049, 10:08's 2.3K $0.8049/00/01/50/01/00, and 10:10's 51.9K (incl 25K $0.80 blk & 12K $0.79 blk) $0.80/$0.7904/1/0/$0.7850/02/00/50/00/$0.7750/$0.78/$0.7750. The rest of the period went sideways $0.775/$0.78. The period ended on 10:15's 14.7K $0.7798/$0.78/$0.7751/50/$0.78/$0.7761/$0.78/$0.7751.
10:16-10:40 began extremely low/no-volume $0.7817/$0.79 on 10:16's 500 $0.7800/1. 10:19's 100 hit $0.79. B/a at 10:22 was 100:20.1K $0.7803/$0.79 (bids jiggling 2.3K and rising), 10:28 2K:200 $0.7819/99 (jiggling $0.7818/19), 10:32 1K:900 $0.7852/99. The period ended on 10:40's 200 $0.79/$0.7878.
10:41-11:08, after one no-trades minute, did a drop on 10:42's 41.7K $0.7900 (23.9K incl 17K & 6.8K)/$0.7897 (2.9K)/$0.7900 (2.4K)/$0.7879/$0.7900/$0.7879/80/79/$0.7900/$0.7871/25 (3.2K)/71/25/20/21/16/$0.7707 (3.8K)/11/$0.7879, camr back up to $0.7819 at 10:47 and began a sag on extremely low/no-volume for the rest of the period. B/a at 11:00 was 100:100 $0.7741/51. Volume was interrupted by 11:06-:07's ~6.2K $0.7720/30/72/55/11 and $0.7710/11/10/11. The period ended on 11:08's 100 $0.7713.
11:09-13:45 began extremely low/no-volume $0.7751/$0.7970 on 11:09's 1.8K $0.7798/11/13/00/13/$0.7965/60. B/a at 11:14 was 500:300 $0.7729/$0.7970, 11:32 100:1K $0.7750/$0.7803. Volume was interrupted by 11:37's 6.2K $0.7785 (1K)/58/85/57/85/86/85/86/$0.7959/70/$0.7761/86/85/86/$0.7800/01/02/01. B/a at 11:44 was 200:1K $0.7850/$0.7970. Volume was interrupted by 11:46's 3K $0.7761. Highs began to decline. B/a at 11:47 was 200:2.1K $0.7800/98, 12:03 4.3K:2.4K $0.7800/97, 12:17 400:200 $0.7762/79, 12:32 10.2K:1K $0.7757/79, 12:47 10K:2.1K $0.7757/79, 13:02 9.9K:2K $0.7757/79, 13:17 7.5K:200 $0.7757/80, 13:32 4.7K:2.1K $0.7757/71. The period ended on 13:45's 1.8K $0.7757/50 (157).
13:46-15:24, during the initial six no-trades minutes had b/a at 13:49 of 1.2K:800 $0.7750/$0.7844. Trade began extremely low/no-volume $0.7800/39 on 13:52's 2.1K $0.7841/21/00 and, after a 14:26-:33 decline, extremely low/no-volume $0.7704/$0.78. B/a at 14:02 was 4.6K:3.1K $0.7800/39, 14:17 3.9K:2.8K $0.7800/31. Then came the first decline on 14:26's 4.2K $0.78/$0.7751 (400). B/a at 14:32 was 9.1K:700 $0.7750/$0.7810. The second decline was 14:33's 25.8K hit $0.7800/$0.7709 (13.3K)/50 (8.8K)/00/50/00 (2K)/13/01/13. B/a at 14:47 was 700:5.1K $0.7746/99, 15:02 400:200 $0.7703/7, 15:18 1.9K:4.4K $0.7703/92. Volume was interrupted by 15:20's 4.6K $0.7710/05/11/99 (3K)/05/99. The period ended on 15:24's 1.1K $0.7798 (1K)/05.
15:25-16:00, after five no-trades minutes, began extremely low/no-volume $0.774/7 on 15:30's 100 $0.7767. B/a at 15:32 was 5.6K:3.8K $0.7704/67, 15:46 8.4K:3.2K $0.7740/99. Price and volume were interrupted by 15:48's 16.3K $0.7799 (13.8K)/41 (2.1K)/99/70/40. The period and day ended on 15:59's 1.7K $0.7740 and 16:00's 198 sell for $0.774.
There were 2 AH sells, "form t" at 17:51 - $0.79 x 399, 601.
Excluding the opening and closing trades (didn't qualify), there were 11 larger trades (>=5K & 1 4K+) totaling 113,814, 42.71% of day's volume, with a $0.7860 VWAP. As has been the case the last few days, the percentage of day's volume is higher than normal although the count seems reasonable. Several "larger larger trades" accounted for this today. That probably means the short percentage is masked a bit too.
The VWAP is above the day's $0.7829. I make the usual guesses - retailers, short-term traders, maybe shorters or MMs doing covering buys, although I doubt these latter two were the major factors today.
Another thing to note, below, is that like yesterday we have a pretty good distribution of the larger blocks rather the more common concentration in a couple periods. I'm sure this tells us something, but I really don't know what. Maybe warrant holders, which got shares really, really cheap don't care as much about getting best price and just want to unload without moving the market much? This might explain the larger blocks being spread across a wider time-frame?
Regardless, note that after an apparent auspicious start to the buy percentage, we again end in "no man's land", which offers no near-term directional clue. Having said that though, I believe the intra-day general trend lower in both VWAP and buy percentage does offer a clue - the down leg seems well established and likely to continue a while longer.
On the traditional TA front, movements were:
On my minimal chart, yesterday I said { So the the breakout was holding for now. I suspect we'll see some sideways, with a weakening bias, as "the market" tries to figure whether these supports, especially the rising short-term support, will hold or price will move on through them. This would suggest reduced or reducing volume for a day or two. } I went on to add { I mentioned yesterday the short-term might provide some support but opined it would not hold long. My belief is that we will break close below in the next day or two and confirm the break. I'm less certain about the falling medium-term support though. }
Well, we got a sideways with a weakening bias on reducing volume. I can now see enough detail to determine that we closed below the medium-term descending support (descending red line) and the rising short-term support (rising green line). A consecutive close below these two tomorrow would confirm a breakdown has occurred. With the down-leg well established and volume still relatively high, even though declining, I believe we'll get a breakdown confirmation tomorrow, if it hasn't done so already - I just can't visually tell if the first close blow was yesterday..
The call to see tomorrow confirm the breakdown seems to be supported by the fact that we broke two potential supports, either yesterday or today, on decent volume.
The fast EMA continues to decline, over a penny today, while slow EMA rose for the third consecutive day, by only 1/100th of a cent. I have to believe, due to my belief the down-leg will continue, that we will get a negative cross as the gap is down to $0.0015 (was $0.0068) now.
Our range is mostly above the mid-range of the experimental 13-period Bollinger band and price extremes are withdrawing from the lower and upper limits. With the band mid-point declining and now at $0.7878, above the day's VWAP, I suspect this is indicating more near-term weakness is in store. This seems to confirm the historical behavior seen when "pushing the upper limit - it does not end well.
On my one-year chart I still can't see enough of the detail to tell if the medium-term support is holding or not. Just too much clutter.
The 10 and 50-day SMAs continued rising. If we hold here the 10-day will decline for 9 days and the 50-day will rise 7 days as it continues the up/down waves predicted previously. The 20-day SMA continues a decline begun yesterday. If price holds here, it will rise 5 days, decline 2 days and begin flip-flopping. The 200-day SMA continues to decline.
Yesterday the oscillators I watch had improvement in accumulation/distribution, suggesting to me shorters doing covering buys. Every other oscillator weakened. Still above neutral were RSI, MFI (untrusted by me) and momentum. All others were below neutral. Only Williams and full stochastic were nearing oversold territory.
Today had weakening in every oscillator I watch. Only MFI (untrusted by me) is above neutral. All others are below neutral and Williams %R entered oversold while full stochastic is barely above that range.
The experimental 13-period Bollinger limits, $0.7445 and $0.8311 ($0.7454 and $0.8311 yesterday), stopped converging as the upper limit went flat while lower limit rose. We still have a rising mid-point, but barely.
All in, the conventional TA stuff all suggests more near-term weakening as most likely. We don't have enough in/near oversold to suggest a likely near-term bottom yet. This conclusion is supported by my assessment of the intra-day behavior and intra-day breakdown.
Compared to yesterday's -5.62% VWAP decline today's +0.59% is totally inconsequential and, IMO, was likely nothing more than the result of MMs working the market to make some money. If there was any real bullishness in the market I think this and the buy percentage would both have better movements.
Percentages for daily short sales and buys moved in opposite directions, not good. But I suspect that sans the nature of our larger trades today the buy percentage would have been higher than what's shown in the table, making me discount that just a bit, but not much. Regardless of the short percentage, the buy percentage did no better than "no man's land" and offers no suggestion of strength. So taking the short percentage even at face value suggests near-term weakening as most likely. If I try and SWAG what the actual short percentage would be without the larger trades' masking, I think it would be at least as high as yesterday's ~58%. Recall that I thought yesterday's larger trades may have also had a masking effect, making me think yesterday and today both could be north of 60%.
The spread contracted, but only marginally. It's still in a range suggesting near-term movement is likely. Being in a down leg with no recent strong signs that we might be starting a short-term consolidation, I think this movement is most likely downward.
The VWAP's rolling average of the last twenty-four movements, after holding for three days at 12 negatives and 12 positives, improved to 11 and 13 respectively. Change since 03/15 is $0.0522, 7.14%, and the averages of the rolling 24-day period seen in the last few days (latest first) are now 0.3283%, 0.2923%, 0.5141%, 0.4794%, 0.4700% ,0.2025%, 0.1853%, 0.0928%, 0.1136%, and 0.3337%.
All in, even if I take all the metrics at face value, everything is suggesting near-term negative price movement is most likely.
Bill
In summary, yesterday's assessment still holds: { Everything today suggests near-term weakness as most likely. The down leg should continue within the medium-term consolidation. We are not in short-term consolidation now I think. } There were a couple items below that tried to suggest something less negative but they were buried by a preponderance of contrary factors.
Today was back to the typical behavior with a high open, go higher by 10:04 (day's high), drop to near what would be the day's low by 10:10, and then do a wide spread flattish very low-volume sideways through 10:41. Then a big drop set the day's low and was followed by very low-volume near that price. 11:09 moved price up to about the middle of the day's range to that point and began a long, drawn out consolidation, moving the highs ever closer to the lows until 12:55 began a long flattish trade pattern through 13:50. An attempt to get price up failed and 14:32 began trading between the day's low and $0.78 until the last 30 minutes raised the lows up to ~$0.7740, which was also the close.
There were no pre-market trades.
09:30-10:04 opened the day with a 1,617 sell for $0.79. B/a just after open was 339:2K $0.7960/99. Then came 9:32's b/a 339:1.6K $0.7960/97, 9:44's 200 $0.7960, 9:46's 3.1K $0.79/$0.7804 (500), 9:47's 100 $0.7811, 9:48's 700 $0.7849, 9:49's 1.2K $0.7849/50 (100)/49, 9:50's b/a 850:100 $0.7810/50, 9:50's 100 $0.7849, 9:55's 1.7K $0.7899/00 (1.4K)/01/00, 10:02's b/a 868:100 $0.7900/50 (bid jiggling 100 $0.7901). The period ended on 10:04's 3.6K $0.??:??.
10:05-10:15, after one no-trades minute, did a drop on 10:06's 700 $0.8049, 10:07's 1.6K $0.8049, 10:08's 2.3K $0.8049/00/01/50/01/00, and 10:10's 51.9K (incl 25K $0.80 blk & 12K $0.79 blk) $0.80/$0.7904/1/0/$0.7850/02/00/50/00/$0.7750/$0.78/$0.7750. The rest of the period went sideways $0.775/$0.78. The period ended on 10:15's 14.7K $0.7798/$0.78/$0.7751/50/$0.78/$0.7761/$0.78/$0.7751.
10:16-10:40 began extremely low/no-volume $0.7817/$0.79 on 10:16's 500 $0.7800/1. 10:19's 100 hit $0.79. B/a at 10:22 was 100:20.1K $0.7803/$0.79 (bids jiggling 2.3K and rising), 10:28 2K:200 $0.7819/99 (jiggling $0.7818/19), 10:32 1K:900 $0.7852/99. The period ended on 10:40's 200 $0.79/$0.7878.
10:41-11:08, after one no-trades minute, did a drop on 10:42's 41.7K $0.7900 (23.9K incl 17K & 6.8K)/$0.7897 (2.9K)/$0.7900 (2.4K)/$0.7879/$0.7900/$0.7879/80/79/$0.7900/$0.7871/25 (3.2K)/71/25/20/21/16/$0.7707 (3.8K)/11/$0.7879, camr back up to $0.7819 at 10:47 and began a sag on extremely low/no-volume for the rest of the period. B/a at 11:00 was 100:100 $0.7741/51. Volume was interrupted by 11:06-:07's ~6.2K $0.7720/30/72/55/11 and $0.7710/11/10/11. The period ended on 11:08's 100 $0.7713.
11:09-13:45 began extremely low/no-volume $0.7751/$0.7970 on 11:09's 1.8K $0.7798/11/13/00/13/$0.7965/60. B/a at 11:14 was 500:300 $0.7729/$0.7970, 11:32 100:1K $0.7750/$0.7803. Volume was interrupted by 11:37's 6.2K $0.7785 (1K)/58/85/57/85/86/85/86/$0.7959/70/$0.7761/86/85/86/$0.7800/01/02/01. B/a at 11:44 was 200:1K $0.7850/$0.7970. Volume was interrupted by 11:46's 3K $0.7761. Highs began to decline. B/a at 11:47 was 200:2.1K $0.7800/98, 12:03 4.3K:2.4K $0.7800/97, 12:17 400:200 $0.7762/79, 12:32 10.2K:1K $0.7757/79, 12:47 10K:2.1K $0.7757/79, 13:02 9.9K:2K $0.7757/79, 13:17 7.5K:200 $0.7757/80, 13:32 4.7K:2.1K $0.7757/71. The period ended on 13:45's 1.8K $0.7757/50 (157).
13:46-15:24, during the initial six no-trades minutes had b/a at 13:49 of 1.2K:800 $0.7750/$0.7844. Trade began extremely low/no-volume $0.7800/39 on 13:52's 2.1K $0.7841/21/00 and, after a 14:26-:33 decline, extremely low/no-volume $0.7704/$0.78. B/a at 14:02 was 4.6K:3.1K $0.7800/39, 14:17 3.9K:2.8K $0.7800/31. Then came the first decline on 14:26's 4.2K $0.78/$0.7751 (400). B/a at 14:32 was 9.1K:700 $0.7750/$0.7810. The second decline was 14:33's 25.8K hit $0.7800/$0.7709 (13.3K)/50 (8.8K)/00/50/00 (2K)/13/01/13. B/a at 14:47 was 700:5.1K $0.7746/99, 15:02 400:200 $0.7703/7, 15:18 1.9K:4.4K $0.7703/92. Volume was interrupted by 15:20's 4.6K $0.7710/05/11/99 (3K)/05/99. The period ended on 15:24's 1.1K $0.7798 (1K)/05.
15:25-16:00, after five no-trades minutes, began extremely low/no-volume $0.774/7 on 15:30's 100 $0.7767. B/a at 15:32 was 5.6K:3.8K $0.7704/67, 15:46 8.4K:3.2K $0.7740/99. Price and volume were interrupted by 15:48's 16.3K $0.7799 (13.8K)/41 (2.1K)/99/70/40. The period and day ended on 15:59's 1.7K $0.7740 and 16:00's 198 sell for $0.774.
There were 2 AH sells, "form t" at 17:51 - $0.79 x 399, 601.
Excluding the opening and closing trades (didn't qualify), there were 11 larger trades (>=5K & 1 4K+) totaling 113,814, 42.71% of day's volume, with a $0.7860 VWAP. As has been the case the last few days, the percentage of day's volume is higher than normal although the count seems reasonable. Several "larger larger trades" accounted for this today. That probably means the short percentage is masked a bit too.
The VWAP is above the day's $0.7829. I make the usual guesses - retailers, short-term traders, maybe shorters or MMs doing covering buys, although I doubt these latter two were the major factors today.
Another thing to note, below, is that like yesterday we have a pretty good distribution of the larger blocks rather the more common concentration in a couple periods. I'm sure this tells us something, but I really don't know what. Maybe warrant holders, which got shares really, really cheap don't care as much about getting best price and just want to unload without moving the market much? This might explain the larger blocks being spread across a wider time-frame?
Note the larger trades distribution, as mentioned above - more evenly distributed than normal. Note also the apparent disconnect of VWAP from buy percentage through 11:08 and the subsequent correlation through 15:24. Apparently there were some early larger buyers - check the larger trades - that were met by sellers sitting on the offers, which likely were reducing. Then the normal later in the day behavior began with more folks hitting the bid, or at least selling below the b/a mid-point, to take advantage of what strength in demand remained. I suspect the short percentage (I've not peeked yet) will be high even with some of that activity "masked" by the larger trades' effects.Ending Period Period Period __Per. Trade_ Period_ % Day_ Per. End
Period Volume Low High _Dollar Val._ VWAP___ Volume Buy ~%
10:04 12153 $0.7804 $0.8200 $9,623.73 $0.7919 4.56% 33.97%
10:15 71003 $0.7750 $0.8050 $56,132.13 $0.7906 26.64% 50.08% Incl 10:10 $0.7900 12,400 $0.8000 24,952
10:10 $0.7800 5,300 5,000
10:40 12066 $0.7751 $0.7900 $9,435.63 $0.7820 4.53% 50.85%
11:08 49621 $0.7707 $0.7900 $38,953.49 $0.7850 18.62% 55.31% Incl 10:42 $0.7900 6,830 17,000
13:45 38665 $0.7711 $0.7970 $30,092.16 $0.7783 14.51% 50.51% Incl 12:25 $0.7779 5,000
15:24 50632 $0.7700 $0.7841 $39,220.87 $0.7746 19.00% 43.98% Incl 14:33 $0.7709 13,307 $0.7750 6,000
16:00 29203 $0.7740 $0.7799 $22,698.50 $0.7773 10.96% 46.45% Incl 15:48 $0.7799 13,825 15:55 $0.7759 4,200
17:51 1000 $0.7900 $0.7900 $790.00 $0.7900 0.38% 46.28%
Regardless, note that after an apparent auspicious start to the buy percentage, we again end in "no man's land", which offers no near-term directional clue. Having said that though, I believe the intra-day general trend lower in both VWAP and buy percentage does offer a clue - the down leg seems well established and likely to continue a while longer.
On the traditional TA front, movements were:
The open and close continuing to weaken suggest more near-term downside while the marginally higher low and high combined with continuing reducing volume looks more like near-term may be entering short-term consolidation. When I factor in the fact that the down leg is well established and what is seen in my minute-by-minute observations and the intra-day breakdown, I have to go with the weakening suggested by the lower open and close as most likely.__Open_ ___Low_ __High_ _Close_ Volume_
Today -2.95% 1.28% 0.61% -2.03% -22.80%
Prior -2.05% -4.00% -2.98% -1.25% -15.71%
On my minimal chart, yesterday I said { So the the breakout was holding for now. I suspect we'll see some sideways, with a weakening bias, as "the market" tries to figure whether these supports, especially the rising short-term support, will hold or price will move on through them. This would suggest reduced or reducing volume for a day or two. } I went on to add { I mentioned yesterday the short-term might provide some support but opined it would not hold long. My belief is that we will break close below in the next day or two and confirm the break. I'm less certain about the falling medium-term support though. }
Well, we got a sideways with a weakening bias on reducing volume. I can now see enough detail to determine that we closed below the medium-term descending support (descending red line) and the rising short-term support (rising green line). A consecutive close below these two tomorrow would confirm a breakdown has occurred. With the down-leg well established and volume still relatively high, even though declining, I believe we'll get a breakdown confirmation tomorrow, if it hasn't done so already - I just can't visually tell if the first close blow was yesterday..
The call to see tomorrow confirm the breakdown seems to be supported by the fact that we broke two potential supports, either yesterday or today, on decent volume.
The fast EMA continues to decline, over a penny today, while slow EMA rose for the third consecutive day, by only 1/100th of a cent. I have to believe, due to my belief the down-leg will continue, that we will get a negative cross as the gap is down to $0.0015 (was $0.0068) now.
Our range is mostly above the mid-range of the experimental 13-period Bollinger band and price extremes are withdrawing from the lower and upper limits. With the band mid-point declining and now at $0.7878, above the day's VWAP, I suspect this is indicating more near-term weakness is in store. This seems to confirm the historical behavior seen when "pushing the upper limit - it does not end well.
On my one-year chart I still can't see enough of the detail to tell if the medium-term support is holding or not. Just too much clutter.
The 10 and 50-day SMAs continued rising. If we hold here the 10-day will decline for 9 days and the 50-day will rise 7 days as it continues the up/down waves predicted previously. The 20-day SMA continues a decline begun yesterday. If price holds here, it will rise 5 days, decline 2 days and begin flip-flopping. The 200-day SMA continues to decline.
Yesterday the oscillators I watch had improvement in accumulation/distribution, suggesting to me shorters doing covering buys. Every other oscillator weakened. Still above neutral were RSI, MFI (untrusted by me) and momentum. All others were below neutral. Only Williams and full stochastic were nearing oversold territory.
Today had weakening in every oscillator I watch. Only MFI (untrusted by me) is above neutral. All others are below neutral and Williams %R entered oversold while full stochastic is barely above that range.
The experimental 13-period Bollinger limits, $0.7445 and $0.8311 ($0.7454 and $0.8311 yesterday), stopped converging as the upper limit went flat while lower limit rose. We still have a rising mid-point, but barely.
All in, the conventional TA stuff all suggests more near-term weakening as most likely. We don't have enough in/near oversold to suggest a likely near-term bottom yet. This conclusion is supported by my assessment of the intra-day behavior and intra-day breakdown.
Compared to yesterday's -5.62% VWAP decline today's +0.59% is totally inconsequential and, IMO, was likely nothing more than the result of MMs working the market to make some money. If there was any real bullishness in the market I think this and the buy percentage would both have better movements.
Percentages for daily short sales and buys moved in opposite directions, not good. But I suspect that sans the nature of our larger trades today the buy percentage would have been higher than what's shown in the table, making me discount that just a bit, but not much. Regardless of the short percentage, the buy percentage did no better than "no man's land" and offers no suggestion of strength. So taking the short percentage even at face value suggests near-term weakening as most likely. If I try and SWAG what the actual short percentage would be without the larger trades' masking, I think it would be at least as high as yesterday's ~58%. Recall that I thought yesterday's larger trades may have also had a masking effect, making me think yesterday and today both could be north of 60%.
The spread contracted, but only marginally. It's still in a range suggesting near-term movement is likely. Being in a down leg with no recent strong signs that we might be starting a short-term consolidation, I think this movement is most likely downward.
The VWAP's rolling average of the last twenty-four movements, after holding for three days at 12 negatives and 12 positives, improved to 11 and 13 respectively. Change since 03/15 is $0.0522, 7.14%, and the averages of the rolling 24-day period seen in the last few days (latest first) are now 0.3283%, 0.2923%, 0.5141%, 0.4794%, 0.4700% ,0.2025%, 0.1853%, 0.0928%, 0.1136%, and 0.3337%.
All in, even if I take all the metrics at face value, everything is suggesting near-term negative price movement is most likely.
Bill
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