Aug. 12 at 7:11 PM
$VG Today is a perfect example how Mico Algo's work:
When
$VG rallied toward
$13.90–
$13.95, it ran straight into a wall of automated selling triggered by technical indicators and options exposure.
Because
$13.80–
$14.00 represents a heavy multi-week overhead resistance band, high-frequency algorithms (HFTS) are programmed to automatically execute limit-sell orders as soon as price momentum decelerates near
$13.90+.
Until we can blast through the
$14 wall this rinse and repeat scenario will re-play until a higher low is established and the scenario is reset a few clicks higher..
Happens with all Stocks..
