In the afternoon session as the market was testing the 0930 ET open, the market gave us a bullish $TICK divergence as the market refused to trade below the open. As the market tested yesterday's high, buying continued as the $TICK hit the lower 1.5 standard deviation band around its 50-period EMA. Again, the 50-period EMA is above the 400 $TICK level, which is very bullish.
Charles
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