dWbShadowTrader Quad

Advance/Decline Breadth started the day positive; however, Person's PPS issued a sell signal right at the open. Cumulative TICK proceeded to turn extremely negative. Up/Down Volume issued a PPS sell next and the combination of the three brought prices down immediately. Price rebounded temporarily, with a retest of the POC from below, but failure there allowed the Bears to take control and a steep decline followed. At roughly 10 AM Eastern standard Time, A/D Breadth came into its' MA's, and price rebounded to the upside. Overhead resistance looming above at the POC, price was however, taken lower first by the down sloping MA's (60 SMA, 110 EMA). The Ergodic Oscillator peaked over the zero line twice in The morning, but was scolded back down abruptly and forcibly. Double Stochastics offered several nice 'slingshot' trades that I tend to point out on a regular basis (the Fast STO line pulls away from the Slow STO line, but with the Slow line already in extreme territory it abruptly snaps the Fast STO back into a single formation line, where they both remain in extreme). Price went outside of the five-day Value Area, but ultimately closed on the VAL.