8:56 AM CT - I've added the transcend Market Delta nautical chart to exhibit how nosotros built book betwixt 1185 together with 1187 inwards the ES futures, solely to neglect at resistance outlined below together with supply to the lower halt of the overnight range. Sector functioning is mixed; solely 23 to a greater extent than declining stocks than advancers. So far, this is looking similar a arrive at market; if so, nosotros should oscillate to a greater extent than or less that VWAP business to a greater extent than or less 1185. I'm watching how nosotros merchandise to a greater extent than or less that book bulge expanse at 1185-1187 to handicap the odds of sustaining novel bull highs today.
Amidst pull inwards Asia together with Europe together with theatre unsmooth together with metals prices, nosotros broke to a higher house yesterday's highs inwards the ES futures (above) together with are forthwith at the transcend of a multi-day trading range. How nosotros merchandise close these highs volition gear upwards the day's trading agenda: failure to sustain buying pull per unit of measurement area would target a deed dorsum to the overnight lows together with the middle of the multiday range. Sustaining the intermission to a higher house yesterday's arrive at would target fresh bull highs. Although nosotros are trading close those highs now, solely virtually 900 stocks registered fresh 20-day highs on Thursday. That has me watching for possible divergences should nosotros merchandise higher today. More later on this AM.
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