Morning After Trend Day (MATD)
Definition of 'Morning After Trend Day (MATD)'
- Traders typically expect an oscillating Z-style market on this morning.
- Morning sessions following trend days can find buyers and sellers battling each other near the previous day's close, with no lasting trend apparent.
- Trapped longs, trapped shorts, and profit takers are driving the morning session and it is unlikely they will reach consensus that would result in another trend day in the same direction.
Chart created with the Alternate Day Indicator.
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