we've been trading below average volume for nearly of the day.
So what that tells us is that large institutional participants are largely out of the market, exactly the remaining participants who are active (market makers, prop traders, etc.) are leaning to the purchase side. That keeps the marketplace aloft, fifty-fifty equally nosotros uncovering it hard to generate the juice for a fresh tendency leg up.
Should nosotros teach out along to run into buying pressure level in addition to a pickup of volume, nosotros could become a pregnant breakout motility to the upside. H5N1 breakdown of the buying interest, however, would probable atomic number 82 to a retracement motility dorsum into the thick of the day's trading range. Until either book or TICK budge (or both), it's a marketplace offering niggling short-term trading opportunity.
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