The market is loosing its momentum. Yesterday session's volume appeared to be one of the lowest during the current quarter. Useless to mention, volatility declined sharply w/ VIX near year's low. Nevertheless, have opened the position - short hour before the closing bell.
The reasons of the entry were:
1) energies and materials - the strongest and the weakest sectors during the session respectively - have posted lower low unlike ES;
2) $vold also have posted fresh session low;
3) plus $trin was at 1.5 at the moment of the entry.
Fixed as it was appeared, that leading internals - $add and $tick - were betting for continuing range mode - not decline. The trade was fixed by take profit order, placed near sessions pivot point level and day's previous lower lows.
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