Dragon?!

After close analysis:

Didn't trade today - tired and needed to rest up. Looks like I was lucky since nothing much happened today.

Market breadth drifted or bled to the downside all day after opening higher than yesterday's range. Although Vold, Add, Addq closed on the lows they held above zero line.

Futures followed market breadth and were hovering around emas for the most part. Breakdown came around 2:30pm bar. NQ held above ema till it broke down later, while AB broke down below ema in the morning and stayed there consolidating for rest of session forming what looks to be a dragon pattern. NQ's strength might be an indication of an upmove later in the week. AB range 9 pts.

Indices were a little stronger than futs, and as Haggerty said the internals didn't mirror indices. Nice observation! Dow hovered around its ema for most of the day after posting a strong open ot the upside. SMH & SOX weren't too hot either!

Overall neutral day!