torsdag 21. juli 2011

Trading recap Wednesday 20th of June

The trading log has been updated.
click here to see the log

S&P 500 futures could not hold onto the early gains, but volume was very low and looks like a possible no supply bar = bullish.
No supply bar is a narrow bar, closing on the lows with volume less than previous two sessions and preferable as low relative volume as possible compared to recent weeks.
This signals that the smart money is positioned for an upmove already and not participating in the selling, therefore the narrow bar and low volume.
If this is correct we should see a wide up bar in the next few sessions and increading volume.

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