the giant sell order that kept smashing the market in the last couple of weeks is gone today i think. we may have a nice run-up for a few days before it reappears again.
I agree we are due for a rally, but this doesn't feel right and I'm long. I think we need to see at least one more day of cookie tossing, maybe somewhere in the mid 7000's. Right now it looks like the selling MAY be done, but there are no size buyers. A good sharp selloff could bring them in. Just my .02
the giant sell order that kept smashing the market in the last couple of weeks is gone today i think. we may have a nice run-up for a few days before it reappears again.