I thought that going into the morning, with the pop at the open, we could be setting up for a move higher—especially since we opened above the previous day’s high and saw some solid response in the pre-market.
That all changed when the Fire Nation attacked. lol
No, actually, from the very first minute of the open the market started shooting down, and those first few minutes of sharp downward action pretty much killed the pre-market plan.
So I shifted to checking out some of my earlier ideas—SNOW and CRM—but for the most part, they didn’t really offer a clean look.
Which wasn’t a total surprise given the PSR (Position, Structure, Response) of the daily charts and the overall market.
Nothing crazy to stress about today.