UTX Collapses on High Frequency Traders’ Volume Surge Downward
UTX was under heavy selling by High Frequency Traders for 2 days. The runs down ended at a weaker support level. Sell short traders should consider this a risk area for a bounce, due to Buy to Cover orders from Professional Traders closing sell short positions.
Martha Stokes, CMT
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Learn how to use the technical patterns of each market participant for better trade planning.
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