In the above chart, the True Range is based on the 0930 - 1600 ET time period. As can be seen, the daily True Range is seldom below the 10 day average for more than three days. Tomorrow's range may be larger than the average.
The Open in the above chart is the 0930 ET open. As can be seen, we were due for an up day. We may see the short-term trend start to revert back to the down side.
Charles
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