Caught in a trap: TD downday

After close analysis:

Interesting day where 'b'ahoo rooms were haunted with ghosts hehehe.... It was a TD type 1 and broke down after few days of NR (yucky) action. As I thought of yesterday, the ema on NQ daily acted as major resistance. CSCO nuuuz setup an early morning trap and as my gurl highlighted there were a bunch of messes (aka confluence) that stopped the market dead in its tracks on the upside. It came down to a pair of 2/6bo trades: 1 bo and the other continuation. Tomorrow should be interesting cuz the semis and dow's butts (technical term :P) are sitting on their emas. My plan is to trade from the short side but want to see how these 3 open tomorrow before committing.

Market breadth was -ve for sure but wasn't too severe compared to what happened to the futs. Vold's low as of close was @ -755. Add and Addq opened lower and took out previous day's range in the first 30m and down they went from there all day after the usually late morning/early noon retracement. The 3 flipped to -ve xover.

Futures were so weak today that the ES200R chart flipped to 'bearish' for the first time in so many days. All other futs including NQ, ES, and AB traded below their emas and setup classic TDs. AB's range for the day was 15.2pts (someone pinch me pls.!!)

Indices were in pullback mode. SMH, SOX, and Dow pulled back for the day and sitting on top of their emas. This is something I'll watch closely tomorrow cuz it's about the only thing that's making a case for a rebound to the upside.

Overall positive day!