Let’s Do It Again $ADV

SO we broke out to higher. Uick update . the big bnumber to stay above here is 12294. I know it looks like weakness and a short oppurtunity, but let’s wait again on the $adv to see if it holds the line in the sand at 1805. If that line does not get violated then I will not take the short into this current PA weakness. However if it does breakdown then I will look for a scalp short.

Why Can’t I Get short

So just a few moments ago we actually got under that 12242 on the mini Dow sept contract. What kewpt me from getting short tho was the $adv line. take a look at the line in the sand I have drawn . Since we did not get through this well enough it signaled to me the move was not valid enough to short. This is generally how I use internals of any kiind. To check and see if a point of suppoprt of resitance getting broken is actually in accord with the rest of the market. In this case it was not and so we stayed flat.  Next we need to see a puch through 12279 for bulls to start flexing muscle.