Following a roller coaster afternoon, the market closed well above its Point of Control at 1073. Each time the futures corrected down, the NYSE Advance - Decline Line corrected to a lesser extent. The futures then bounced back up with the $TICK swinging from +1000 to -1000. At the afternoon lows, we got well defined bullish divergences.
Overall - the bulls won the battle.
Charles
plus, when in the last hour $add didnt manage to post lower low, es even didnt touch VWAP line. $tick was also in favor: no tick <-1.1k and 3 ticks for the session >+1.1k
ReplyDeleteseems, majority es traders calls on upside move continuation..