Info!! Iv Keys To An Upside Tendency Day

For daytraders equally good equally swing traders, identifying a tendency solar daytime early on inward its lifespan tin live on a profitable strategy.  Here are 4 things I expect for inward identifying upward tendency days, such equally nosotros had on Monday:

1)  The cumulative NYSE TICK on the solar daytime stays positive together with rising through the session;

2)  The percent of NYSE stocks trading to a higher house their day's VWAP remains to a higher house 50% through the session (see nautical chart above);

3)  The discover of NYSE stocks making novel daily session highs vs. fresh daily session lows remains positive throughout the session;

4)  Major indexes rest to a higher house their opening cost ranges throughout the session;

Not all of these atmospheric condition volition burn downwards perfectly on each uptrending occasion, only about of them will.  Note that each of the atmospheric condition is touchstone an initial thrust upward together with and thus sustained buying pressure level amongst consistent, positive breadth.  The cardinal is recognizing these atmospheric condition relatively early on inward the trading session.  I obtain my information from my e-Signal feed together with purpose historical query to position the flat of thrust together with buying pressure level that is about probable to Pb to a trending outcome.

Note that the failure to come across the to a higher house atmospheric condition tin also serve equally an alarm to a potential hit day.  Identifying probable solar daytime construction equally early on inward the session equally possible is a real helpful science for traders on the solar daytime timeframe.

Further Reading:  Identifying Day Structure

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