With the backdrop of our analysis of the last 2 days, calling out highly suspect selling action -- and that a buy response was in the cards.
And when the 1st hour looked down and printed a minor low of yesterday's session, that was the high odds trade of the day to go long. PERFECT!
And ride that baby for some points as the shorts were squeezed with heavy short inventory to re-balance.
2nd trade of the day was to buy the consolidation near highs. Trades like this can be very high odds with multiple days of inventory caught short.
And the move out of the base did not even stop at yesterday's range highs. It just kept grinding.
So we have to imagine now that the grind is on again.
The natural reference points for tomorrow will be the 2000 zone and gap fill.
The higher time frame buyers just refuse to back down!
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