Info!! Midday Briefing For February 5Th: Active Hit Trade

1:59 PM CT - I've added the inwards a higher house nautical chart to demonstrate how the enhanced book did indeed Pb to a downside interruption in addition to arrive at extension. In general, nosotros tin human face breakout in addition to trending merchandise when relative book is running quite high. We've made over 1600 fresh 65-day lows across the NYSE, NASDAQ, in addition to ASE therefore far today, suggesting ane time over again that the intermediate term downtrend is intact.

With relative book running good inwards a higher house average during a arrive at trade, I am warning for the possibility of a breakout merchandise in addition to arrive at extension. Cumulative TICK should betoken the agency toward whether or non we'll brand that break; I'll endure updating this briefing afterward inwards the solar daytime for additional perspective.
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