Again, the morning session found support at yesterday's Point of Control.
The $TICK is staying, for the most part, above the zero line, but also below the 800 line. Not an extremely bullish day, but a day with very few sellers. We did get the 1000 - 1030 ET correction which ended at the 0930 ET open. At the point, we got a bullish divergence which sent the market to a new high. The new high surprised me a little since the $TICK is rather sluggish. Just not very much selling today.
Charles
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