sunshine ta @ $1.30

We finished like the rest of the market today on our bum, which imo after the way last week/Friday was setup, wasn’t that hard to see coming.

After Friday had all that intraday volume in a very bad spot/s, which resulted in a weak looking close on the EOD chart, we basically copped today what was quite highly on the cards.

Friday was attempting to break the shackles of this trading range and they certainly were not interested in helping out to the long side, with just an average spread/volume day closing middle.

That certainly was not a SOS.

If we ignore all outside influences, and with respect to where we are in relationship to the resistance level, and today finishing on its butt on low volume, imo there’s still a high chance of at best sideways movement, at worst further downside.

We need good bullish volume to appear or we may just wander around.

Call that down ramping, well so be it, just calling it as I see it based on this silly thing called a chart, but of course some will carry on like pork chops, and say these bloomin traders are just trying to scare all the other weak/ST traders out of their positions,

how ridiculous, well and truly sounds like a broken record now.

If we do go lower, it would be good if we didn’t go lower than the low of our previous little test bar.