Sell and sell again on power down day

Red dots sell signals rock again today !!

* Market Breadth (MB) bearish since the open, prices pulled back to Buy Number (BN).

* 1st Sell didn't go far because MI (Market Internals) were positive. It showed some buying strength.

* MI turned to negative just before 6pm. Hence Sell signals after that time, 2nd Sell, were more profitable.

* Target L3 (Level3) achieved.

Low zone range 1 Aug 08

Today, it opened lower into the low zone and stayed in low zone the whole day.

O/S Exhaustion around 3.30pm, near S1, was supporting all day.

MB= power sell around 3pm but recovered. so buying is acceptable at 6pm, when it retested S1 with no power sell.

MI = bearish after 6pm, but not consistently.


Possible trades

Buy on green dots (MACCI OS+)
Sell on red dots (MACCI OB-)

Good range trades with 40pts in each. 1min targets were all reached.