IF you combine the volume profile of most of last week you had a nice bell shaped curve followed by Friday's explosive move. Combine Friday and today and you are getting a bell curve. Wednesday is FOMC swan song. Thursday night is State of the Union with emphasis on trade. Friday is jobs report. Oh and Apple earnings. So which of those is not capable of causing a gap and go? Is there anything looking like it will trigger a sell off?
Not sure how that end of the day rebalancing works on a choppy down day. On paper our lot (the day traders) are supposed to be looking to close our shorts, but it has been so choppy I kinda doubt a lot of positions were built up. Similarly the weak hands who bought the high should be getting out of their ETFs so the fund sponsors should be selling the close to balance the fund. If there was selling.
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