Hi Master Traders,
The markets started the with a move higher from a new low reversal, but into the second reversal time period (10:30), the Breakout Bar Failure (see chart below) set the morning high.
When the low of the day, which was a new low reversal bottoming tail did not hold the second time, it was all down from there for the rest of the day.
The video below provides Master Trader Thoughts for the broader markets, some ETFs and a view of the Market Internals now.
5-Minute Chart of the S&P 500 ETF (SPY)
Master Trader Thoughts for 6-27-18
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