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S&P 500
5,460.48
(
-0.41%
)
US TECH 100
19,181.60
(
-0.43%
)
Dow Jones
39,118.86
(
-0.12%
)
Brent Oil
84.85
(
0.00%
)
Bitcoin
60,916.08
(
1.00%
)
Post# of 46542
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jxyzobrien

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jxyzobrien

Re: Cret post# 40453

Tuesday, 08/29/2017 3:17:02 PM

Tuesday, August 29, 2017 3:17:02 PM

Post# of 46542
normal market behavior
the big up candle from the 8/22 is the range

the market trades within a range 70% of the time

when a market is very short 65% chance there will be an adjustment to early inventory


when a market goes out of value below or above it tries to return
to value if it can

SO THE MARKET WENT OUT OF RANGE AND CAME BACK INTO THE RANGE.

that is all that happened today

since the market is not trending the only way for institutional
traders can steal from the weaker traders is to run it up and down
that is the game they are playing
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