Hi adsy, it looked a lot better on the 3min this morning until the CPI came out at 11.30. Started Making a nice set of higher highs and lows. My thinking first up this morning is that the volume on the open was not as high as it can be when it opens so I was not so convinced of the selling - and even the selling bang on 11.30 when the CPI came out still ended up being a higher swing low (but I entered before then). So I still have a cluster of high volume bars closing high below me where it looks like they are mopping up supply - but yes there is no effort exerted for this to go higher at the moment so it doesn't look that fantastic - we could end flat, which actually wouldn't look too bad on the daily. I'd appreciate it if you could have look at the 4 hourly and let me know how you read todays 1st bar.
