Interesting day. Maybe just me but I for one was not expecting the afternoon session bounce. RSI close of trade higher 3 days straight 27 - 36 - 38. SP sits below the 20-SMA. Marginal narrowing of Bollinger Band width. MACD sits timidly below the signal line. Price & Volume relationship has gathered strength. Combination of indicators point towards a near term neutral to bullish sentiment at present. Volumes suggest market still however not committed. Chart of my data feed below.
I have also plotted total RNU trades in an attempt to isolate potential Investor trades from intraday trades. In essence an attempt out of pure curiosity to ascertain which trade packets potentially cancelled each other while looking for the driving (residual) force behind the afternoon session bounce. Yes ! We have been here before on similar patterns but still good to see a pulse every now and again. Scatter chart of daily course of trades for RNU below. Interpretation as one may see fit. Sell Orders lower half and Buy Orders upper half.
Charts and opinions mine and mine only of course!
GLTAH moving forward.
