The market didn't give us any good divergences to trade, which is what I like to see occur. The two things that we have today to fade tests of yesterday's high is that the market has a good statistical probability of being a down day (see previous post), and the $TICK has not been able to make a higher pivot high than yesterday's high. As a fact, the $TICK has not been able to make a high higher than yesterday's pivot high in the last 30 minutes of trading.
Charles
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