A rip snorting move higher first hour and a half gave away to 9 o'clock zone transitional structure. We point out time and time again that rip snorting extended five-minute bars are right for reversals and corrections.
And from there the pullback grind its way back until it reversed at 11 o'clock zone, at the prior session range lows.
This market is grinding higher than everyone I'm reading is looking for a pullback and new swing lows on the daily.
For me, I expect grinding higher to continue until it doesn't. The 2050 to the 2060 zone is the next major reference higher.
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