yotta's - art of symetry - wednesday, page-151

Very high volume narrow spread upbar on the XJO - We don't like narrow spread upbars on high volume because they are full of selling. Now we do have the top of Thurdays high volume bar just a few days to the left so its possible that the supply is coming from there and this may be an attempt to absorb that supply - dunno.
We need to clear this area tomorrow then come back and test for the bullish(er) side - Anyway can't buy it, but can't really short it either - I think I'll turn the page and go look at another chart.
But my initial thoughts are I don't like a line in the sand drawn that's lower than the one we already have between the 4200 and 4300 at the top of the range. A nice push through on wide spread tomorrow would be very bullish because that's a lot of supply to absorb down here.