Both the $TICK and NYSE Advance - Decline Line ($ADD) indicated a selling market, while the $TRIN was neutral in the fact that it did not make a lower low or higher high relative to yesterday.
The 15 Stock Sector Stochastic also indicated a selling market all morning.
The ES Futures trended down all morning from the 0930 ET open, and corrected less than 38% of the current down wave. Short trades were the game to play this morning.
Charles
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