IYT…potential double top.
Midcap 400…is attempting an ORL day. I don’t want to read too much into that pattern with a neutral RSI.
The broader weakness is in the Midcap and Russell.
Yes, welcome to the mid week shuffle!
The plungers are shorting against today’s highs to see what they can get.
Time Frame Trading…what looks to be risk off in the A.M. tends to be a field of broken dreams later in the day when the machines rise up and run out short term players.