There were two very interesting trades today before 10:am ET that I wanted to quickly show you. And since I ended today’s video the market has come down quite significantly and has taken out yesterday’s low, making today an official outside day. An outside day again is defined as the market taking out both the high and low from the previous day. What’s significant here is where the market closes today. If the market closes in the bottom quarter of today’s range that would mean the market should try to move lower for at least the next few days. If on the other hand the market closes in the top quarter of today’s price range that would mean continued strength. Hope this helps.
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