Didn't get the pullback before run for new highs as anticipated in the last analysis but on the flip side it means very little left to distribute. A pullback would have meant more to distribute above but now it looks like a quick up and back down.
We have 7 weeks of distribution mainly between 23750 - 24250(See previous posts)
Without volume, the last few days may seem like a start of a strong uptrend but zoom in and it appears very much like a SL hunt. Trends can't start without first accumulation/distribution and i see very little accumulation below for it to keep going for long.
Initial plan was to go short at 25300-500 but not sure if we will get there so i will look for reversal signs as soon as it gets above 24800. Target 20500 - 20000.
Some news will follow real soon as always but markets only move when those who control them are ready to move.
