After successfully testing the overnight lows inwards the morning, the ES futures (above, Market Delta chart) accept steadily moved to novel highs, staying inwards a higher house their volume-weighted average toll (VWAP; ruby-red line).
If y'all click on the chart, you'll meet that Cumulative Delta on the hateful solar daytime is genuinely negative every bit of this writing (blue line, bottom of chart). That agency that to a greater extent than book has been transacted at the marketplace pose bid (sellers aggressive) than at the offer--unusual when the index is upwards on the day.
Accompanying this relative weakness of stance is the fact that the NASDAQ 100 too Russell 2000 Indexes accept non made bull highs today too 5 of the 8 S&P 500 Index sectors that I rails weekly are genuinely downward today from their opening prices. Overall, solely 266 to a greater extent than stocks are advancing than declining on the day.
In short, it's a rally, exactly ane amongst narrowing participation going into tomorrow's economical releases.
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