But, oh, that 7:00 excess tail! And the following 5 minute bar printed an even bigger one -- with a TICK diverge.
Folks, significant reversal signals 1st hour and a half, in this bull market, are definitely valid trade signals.
The reversal was good higher just shy of the gap fill -- obvious destination. Then multiple pushes to range highs failed with divergences in TICK.
The 1st hour trade gets the vote as trade of the day long. But the last hour short at highs is a very close second.
We do have your number, market.
We think that today's action signals continuation higher as the high odds bet. Triangles in this market get bought. Plain and simple. A major failure here, has me really shocked -- and short most likely.
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