Yesterday I had a day where the VOLD, ADD, TICK were all trending higher. Risk on was green risk off was red. I thought that this was an A+ setup but I was sorely mistaken. Something I completely neglected which used to be my #1 skill is reading the price action. Without creating a structure in the price action that conforms to the idea of the VOLD ADD TICK Sectors, then those indicators are fully useless. 

    - Everything was very bullish at the open then eventually faded later in the day. I had already left when they faded but catching the downtrend is not part of this post. I am doing this to prove a point that these indicators dont mean jack shit if you have an opposing structure.

    - This was at EOD so they were all red but in the beginning of the day risk on was all green except AI and SMH, risk off was all red except UVXY

    - Channel is broken then we get retest of trendbreak area then the big continuation selloff lower

    -This was a huge 5m premarket downtrending channel. I thought once we broke above and held there for a while that we could start to move back up but once it failed the selloff was massive. Then the VOLD ADD TICK all followed behind. I need to always remember that yes indicators are great for confirmation of a thesis and they can help aid you in knowing if its an ABCD ranked setup and then you can size accordingly but PRICE ACTION IS ALWAYS KING.