Buy and Bale

The bulls looking for a bottom would have much rather bought a sharply lower opening than the rally that appeared this morning. Buying and baling can get tiring. The sellers have had a tactical advantage over the past week and can sell most rallies without extreme pain. Chopping down into a bottom over the next few sessions would suit many friendlies. However, the price action on the downside is as bad as it has been for sometime. This is a liquidation break and those can have some ugly momentum. Models are rotational.