Note how nosotros are forming a fresh value expanse betwixt 1093 together with 1097 inwards the ES contract, every bit failure to accept out Friday's lows hence far led to a bounce dorsum to VWAP (red employment above). That beingness said, we're seeing erosion inwards the Cumulative Delta over fourth dimension together with the Cumulative NYSE TICK has been negative. If nosotros cannot accept out the upper halt of the value expanse above, I'd await for a rotation dorsum downwardly to exam the depression business office of value. Financial shares led the bounce from morning time lows; I'm watching them for signs of leadership this afternoon.
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