Distribution, We must obey

You have to look really close, but the S&P 500 made a distribution day. Basically it doesn’t count for much. We’re only interested in heavy and obvious selling to count as institutional disinterest in this Bull.

This week in general has been quiet, which bodes well for the upside. We want to see the sellers dry up. But be on the lookout for anything. The market can and will do anything it wants. It’s our pre-defined entry and exit points that we must obey.