Our crystal ball was correct about the market potentially grinding higher again. And we properly noted that the auction was "young" on Friday. Friday's range was 35.75, Monday 9.75, and today 25.25. That's pound, consolidate, pound...
Trade of the day was getting long the 1st mini pullback with the TICK hardly able to even print readings below zero. Missed that? Then the 2nd weakling pullback to VWAP was entry. And from there folks, price pounded higher with Goldilocks at the wheel and price never was able to breach even the 8MA until the last half hour brought in some selling. With the TICK MA firmly above zero and no negative program TICK whatsoever, the trend is most likely always your friend!
Odds --
Today prints 5th day in a row of sucker-punch action to the sellers. This has the high odds scenario of price exploring to at least all time highs. Yet, the market is very extended, and always due for consolidation after a trend day. Maybe even a pullback of some sorts.
Strengths --
We are working on it. To post later. We are on a quest to develop more robust processes for becoming more of who we already are.
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