In this instance it's just churn...meaningless other than breaking momentum...expected it...but not to be so blatantly obvious. The candles for last 3 days are hitting the 10.5 so thinking we have a combo of DTs taking profit...also notice centrepoint trades testing the lines occassionaly (thinking random algos) but no worries there (small MC tight registry)...and obviously the capping. Standard stuff...but does cause bottlenecking all the same.
MOST importantly though...they're messing with my crystal ball here...
On the positive side the buy/sell ratio is 59/41...so pressure on buyers to lift there game...and pressure on capper/s to grab their final taste of sub 10s...before we take off again.
Still time to touch that 11 but...bring on the hour of power!![]()
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