The Bulls seemed totally in control this morning..
on a 12 point gap up opening to 2926 with a run to 2937.06 High in the S+P 500
on the news of a new US- Canada-Mexico trade deal.
Yet this afternoon, to the dismay of many who needed to get long this morning,
a strong burst of institutional selling, seemingly out of nowhere
has brought the S+P back to the 2920 area
For the 3rd time, 2 Hour Resistance at 2929 has held.
The fact that it has held again today.., is significant.
Big money wants to get out and distribute or sell large amounts of stock,
at that price area, 2929 and continued to want to do so again today.
THE_UNWIND
on a 12 point gap up opening to 2926 with a run to 2937.06 High in the S+P 500
on the news of a new US- Canada-Mexico trade deal.
Yet this afternoon, to the dismay of many who needed to get long this morning,
a strong burst of institutional selling, seemingly out of nowhere
has brought the S+P back to the 2920 area
For the 3rd time, 2 Hour Resistance at 2929 has held.
The fact that it has held again today.., is significant.
Big money wants to get out and distribute or sell large amounts of stock,
at that price area, 2929 and continued to want to do so again today.
THE_UNWIND