Supply is repeatedly shut off, looks like the objective of size is to take the market past the daily swing high. The market has compressed and will likely see some volatility as shorts are squeezed out. Size selling will break support levels and be a signal something has changed. As long as size has enough order flow to sell inventory into they will take the market higher.
Commento:
Move stop to around BE
Commento:
Break even trade. This level of selling is to be expected when the market may be limited on order flow and preparing for a turn around, or still in a ranging phase where both longs and shorts are pushed out of the market. I will be watching for a decisive move either way and trading setups based around that.