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I'll start with something wrong: It should break downward this week.


It broke.
It didn't.
Those two statements were twenty hours apart.
At 11-06 22:00, the 2.61x-volume candle slammed the price from 283.05 to 273.04.
At 23:00, another 1.85x, with a low of 266.36.
Note: This was the 24-hour low, and it hasn't been touched once since.
It should have kept moving down, but it turned around and climbed back up, with 276.73 pressing against 276.59.
I was wrong to treat volume as direction.
Note: Volume only shows that someone is making a move; it doesn't show which way they're pushing.
24-hour trading volume was $127k. This pool is so thin that a single needle can change the conclusion twice.
Now $SNOW 276.73, with 283.57 overhead and 266.36 underfoot.
If neither end gets touched, I won't move in the middle either.
(Not investment advice; profits and losses are your own responsibility)
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SNOWSNOW+0.29%


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