
Note how we've sustained cost higher upwards VWAP (red line), edifice book at progressively higher prices (blue arrow at right). All 24-hour interval long we've had exclusively ane reading of NYSE TICK < -800, suggesting that institutions bring non been pregnant sellers all 24-hour interval long. Relative book has been below average, creating a tedious grind up. It's mutual to confuse such tedious merchandise alongside a weak, topping trade, only every bit long every bit to a greater extent than stocks are ticking upwards than downwards over time, the path of to the lowest degree resistance tends to survive to the upside.
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