The Nasdaq had some heavy washing going on. Look at the circled in the 1 hour chart. It was dead obvious that retailers got washed out while Big Player distributed the market higher. Every time a wash happens, the Nasdaq just climbed slightly higher. I traded $11,434,451 USD on August 11 that night when I witnessed that maneuver happening. The market is now in a trading range, it seemed heavy with a huge supply. Will the market trend higher or a correction is coming? Nevertheless, I will still be trading the market carefully.
