After 1000 ET, we again got the selloff that tested yesterday's high volume area. That area held as support, and the market took off to the upside.
The two things to look for in a reversal is either a divergence of some type ($TICK, Advance - Decline Line, Volume, etc.), or the market making a higher or lower low or high. This time the market made a higher low with $TICK confirmation, and the market rocketed to the upside. With this occuring near the Point of Control gave it credibility.
Charles
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