The market doesn't always wait for a 30 Minute or 5 Minute intervals to finish before moving, but many times it does. Today as the European markets were unwinding, the market tested the high at 1100 ET before starting its correction phase. The big moves had a tendency to wait for the end of 5 minute bars.
Upside momentum was weakening all morning. The future's bar colors try to illustrate thirty minute themes.
I always find it better to see market structure using 620 tick charts versus the time interval charts.
Charles
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