Today, all the indices were lazy chaps. I said that because they all wanted to pursue the path of least resistance. Most of them were below the pivot lines (various VWAPs) before the open except INDU which was boxed inside mean lines.
There was some potential to see cycle up in futures but INDU cash called the shots.
INDU cycles shifted to DOWN/DOWN and all of them were forced top down.
Market Internals were bearish since the open and that really set the tone.
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