Those who have been following my running commentary on Market action in the comments section, would have noted that I mentioned that I did not see any intent on the part of the sellers in the morning session.
Well that changed around 1.30 in the afternoon, when the seller arrived to leave his stamp on the day proceedings, as can be seen in the blue oval I marked on the chart.
The way he managed to reverse the trend of the day, leaves me to think that he is not done yet.
I am seeing levels of 5260-5272 and even 5225-5230, as possibilities if he decides to assert himself.
If we get these levels, it will eventually be good for this upmove.
