Yesterday we got a range expansion, which means that today is more than likely to be a smaller range day. That also means that fading the highs and lows is more likely to result in a successful trade. This morning as the market kept testing the 1115.75 high, the $TICK was showing a slowing in upward momentum. Around 1030 ET, the market finally fell back to the 0930 ET open price.
Charles
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