So a turnaround of sorts for Turnaround Tuesday,
closing a whopping -0.69% lower, lol.
Notice the first 15 minutes of trade, where it dropped down to tag just under the previous high (14,073) and bounced right back up.
But no upside follow-through.
Then in the last 2 hours of trade, looking for (and eventually finding) support at the low of the previous resistance area (14,026 - 14,040) with some volume into the close...
Net result:
While not successfully backtesting the old high @ 14,073
it did get support at the previous closing highs @ 14,026+ ...
And that says to me...
NO SHORTING!
