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UTX Collapses on High Frequency Traders’ Volume Surge Downward

MarthaStokesCMT-TechniTrader  
NYSE:UTX   None
Candlestick Analysis Chart Patterns Beyond Technical Analysis UTX collapse highfrequencytraders hfts heavyselling protraders professionaltraders buytocover sellshort
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candlestick chartpattern beyondta utx collapse highfrequencytraders hfts heavyselling protraders professionaltraders buytocover sellshort
UTX was under heavy selling by High Frequency Traders for 2 days. The runs down ended at a weaker support level. Sell short traders should consider this a risk area for a bounce, due to Buy to Cover orders from Professional Traders closing sell short positions.

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Martha Stokes, CMT
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