In times past, a breakout like this would rocket. Today's intra-day range was 9 points. And most of the day the range was 3 points.
Further, the TICK distribution was something like I've never seen on a breakout like this. One reading over +600 ALL FREAKING DAY.
There was a time when I thought this impossible.
We are at the 1700 level.
Today could be the laggard long day of lore.
Either that, or the market has fundamentally changed and and "crappy up structure" gets a whole new definition.
We make the call that a red bar is coming to a movie theater near you soon.
And it's going to be big.
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