We had a Normal day in the market's today.
A normal day is defined as a day type when the day's range is entirely within the Initial Balance or the first one hour of the day.. The benefit of recognizing a normal day early helps you in not anticipating a directional move for the rest of the day preventing unwanted emotional stress in your trading.
It is characterized by a wide ranging initial balance or the first 60 minutes of the day. Today's IB was 45 points.
We had a sell signal at the close today.
The only problem I have with that signal is that the signal was above the Value high of the previous day. We will see how it goes.
The broader market is beginning to balance after a 220 point move from the lows. WE may get another range bound day or a trending m,move tomorrow. Watch the value areas and today's range if the move has to be trending from here.