| Weekly Trend: | Down | |
| Daily Trend: | Down | |
| Daily Momentum: | ___ | Up |
Volume today was absolutely horrendous. I’ve been watching some setups developing but todays volume doesn’t allow them to be considered as formal recommendations. All in all a sloppy lacklustre day but as a write Europe is taking on water quickly and falling swiftly and US futures in the night session are also very weak. Daily and weekly trends remain firmly down but momentum swing from neutral to up today. It could be that we’re about to see a retest of recent lows if Europe stays in the red even though the ideal pattern suggests a near term bounce. It’s really that bounce we’d like to sell rather than selling at these levels, but we just need to take what the market offers. Stay cautious. Volatility is here to stay for a little longer.
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