Our third part of tape reading, involves TIS, how MM love to play with us, in this case ARCA
TIS opens, start to look for a fail of 2emas 1mins chart. Look that 2.22 supp with 6800shares, when it starts chipping, sh the bid
Weakness, add more, red prints, 2.22 chipping
Now look at ARCA at 2.15Â 10.300 shares, trying to hold and make a support
2.15 fails, red prints, you can see on right red prints at 2.15, totally chipped fast and gone, adding conviction that now longs are underwater. Now AMEX is there with 10k shares
Sellers still continue to dump, AMEX went, check all red prints, dilution and only selling on t&s
