What felt different about today was how diverged so many sectors were.
Pace, tempo, volume, it all sucked. These later stage swing higher runs are a sight to behold. Daytrading is not impossible but let's use the word improbable simply because it is just so slow with low-volume.
So we wait for the day when some news comes into the market that brings in the seller or two.
Intraday structure was par for the course. A morning 7 o'clock low with a retest excess tail at 7:30. A subsequent one hour grind higher to R1 and just before 9:00. Where price chopped around in the upper end of the range and closed on the session near highs.
We are on high alert for downside inventory adjustments at this point.
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