Advance/Decline began the day with positive values. A PPS sell issued right away and took breadth and Up/Down Volume negative. Prices gapped down after failing to hold at the Value Area High. A brief retest of the Point of Control, was met with further selling that took price quickly down through the Value Area Low. During the lunch hours the market attempted to close the morning gap and was able to draw near the VAL. A PPS sell arrow printed at those levels and prices reversed towards the lows. The largest area of TPO (Time Price Opportunity) was underneath the 60 and 110 SMA & EMA's, respectively. That level also corresponded with the top of the Value Area of the prior 20 trading days. The ratio of Up/Down Volume declined the entire day with cumulative TICK finding strong selling on every attempt to breach the zero line.
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