massive bids arriving ., page-13

Lots of volume in a narrow spread like we have seen today normally indicates that the immediate prior trend is being resisted; for the past week, that trend has been downwards. We didn't quite get the test of 23c that I would have liked, but we got very close. Today's candle, closing in the middle of the daily range, can be seen as a possible reversal signal, but we will need confirmation over the coming days by not going lower than today's intraday low.