New highs!
The structure we pointed yesterday out did in fact setup for an upside push today, despite a bit of overnight selling producing a small gap down at the cash open.
Right from the get go, structure indicated that buyers were in firm control. The morning push up triangulated for a bit, and then exploded out of that coil at 9:30 (Trade of the day).
Since we had strongly handicapped a breakout attempt upside push higher, it made a lot of sense to hold the morning long trade for a spell : ) (versus a mechanical +4)
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