Faked bias on a 'U' day

After close analysis:

Yesterday, after looking at the "range" chart I became convinced that we're due for a bo to the upside. The "sloping pattern" is a basing pattern that resolves to the upside. Well, so much for the long bias I had this morning: market went lower until a very late day bo to the upside. Nice fake!! Went long early on but minimized the loss quickly. Nice 6b0 on AB which reached target and more, then another one to the upside later in the day. This was a 'U' day as my gurl likes to call it. Upside bo is still intact especially with SOX/SMH retracing to and holding above ema... will wait to see on Monday.

Thought(s) of the day: ghosts in vegas (boo)... got confused with all the woodie lingo.. moving on hehehe... Those market alerts are really nice! 1-bar reversal off emas, will share with room next week.

Market breadth flipped to -ve with all 3 emas Vold 'drifted lower' while the other 2 just maintained a flat line. And that of course made the market choppy for the most part. Vold closed @ -338 which isn't too bad for a down day.

Futures spent most of the day below their emas until late in the day when they reversed. AB was the only fut ("fut" hehehe) that broke down and gave a nice 6b0. It also reversed course with another 6bo late in the day but it's Friday so that was ignored. NQ and ES basically were the same as AB.

Indices were -ve except SOX/SMH: they both retraced to emas, held, and reversed to the upside! This is 3rd day for both >ema. Good sign for upmarket.

Overall positive day!