Yep, that’s distribution for Tuesday, market’s just a little more likely to sell off in coming sessions now.
For those who have no idea what we’re talking about, whenever volume comes in higher than the previous session on a down day it tells us institutions are in sell mode.
Of course we have no idea how long the selling might last, but it gives us an indication that it’s what’s in style now.
After the market’s huge run up since March we’re going to get a correction sooner or later…