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#1 (permalink)
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San Diego California
Posts: 129 since Oct 2015
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Are we looking at distribution?
Back in February 2016, I made a post regarding what was up with all the buying at the ramp and close.
Here is the pic prior to the major bottom in markets.
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Now I am seeing similar traits on the tape but inverse. The past few days has been EERILY weird. You can see for example on TF and on other majors, we have been testing the lows all the way down to 100% instead of making a higher low intraday. It honestly seems like the big boys are taking every opportunity they can get to SELL. But what do I know
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Intermarket analysis that I do is starting to show bearish signs and with today's action...it seems to be confirming it. Now the only question is the volatility drop today into the close. My guess is that we get a huge selloff in volatility to (fakeout) and pretend everything is fine and no fear rally to the moon in equities before reversing much like we did in Feb 2016.
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