All indications are we put a break in the decline today. TNA gap opened and quickly made the first HOD early in the morning followed by a 1.50 decline by 7.10 and a subsequent rally to make a second HOD only 2 cents higher than first. Right there was a clue that the break to decline may be in the offing. A vicious decline sent TNA from 83.82 to 80.46 by 11.00 am. A small rally closed out TNA at 50% of the range. It was quite active day and the range was $3.50. After 4 days of decline we got first ray of sunlight. I can not make a complete conclusion that the decline is over. But if it did the decline has been for 13 points (93 to 80) a 50% counter would put TNA at 87. Anything higher and this decline is for sure over. We haven't had a good plus day for this OPEX and that is the next event.
My call is for the markets to be up moderately tomorrow.
I am bullish.
Thanks for reading my blog.