triple distribution and long in the pile (mo more posts left) market became too short and had to finish and retest and reject the old range dalton called this completing old business this is why at 11am i said no put buying this a false move.
market rejected those prices (few know that this is normal market behavior to find the last sellers and trap them). this is a liquidation break which also strengthens the market.
next the market came back into value area but late buyers took it too far from value. finishing long in the pile. now bulls are trapped at poor prices and market traveled 75 points.
so the market must do some kind of inventory adjustment the bulls were at poor prices pre market.
market is still completing the excess up move after balancing for 5 days
Brad shadow 2 (who is good for sure) did not see this. he also did not realize this was old business being completed. he got long to early. shadow 3 go long too early to but sold at value area for a profit.
the vix hit 5 min rsi 30 (10;45am) and sold all day. confirming the move this the first time i realized what old business meant
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