Hi Beany At the time of that ugly downbar (27/4) I had labelled...

  1. 1,270 Posts.
    Hi Beany

    At the time of that ugly downbar (27/4) I had labelled it as "support/absorption?" due to the hidden buying (close off the low) - I probably should have labelled it as Potential Stopping Volume/Selling Climax, the next bar was an Automatic Rally/Reaction/Supply Vaccuum, and the result appears to be that the SP has been knocked into a sideways trading range.

    KDR Daily 3-5-17.gif
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.