I Wasn't Going To Post This But......

Today was a very low volume holiday so we had very little spread after last week's larger moves. The reason I decided to post these charts is to drive home the idea that a day like today is a set-up for future activity. It's not a wasted day if you read what the market is telling you. It was clearly a day of topping. And with the LML formation on most charts just before the close, the market is telling us that price will continue lower after this last minute pop-up. Selling may occur overnight with a move higher tomorrow. I don't know. But we have the FOMC in the afternoon. Hopefully we'll get some volatility to trade in.