12:12 PM CT - I added the inward a higher house nautical chart to present how nosotros were unable to concur prices below the overnight lows, leading to book coming inward at the offering inward ES as well as a positive shift inward the NYSE TICK. That has taken us dorsum inward a higher house VWAP, creating arrive at dynamics for the day, amongst advancers leading declines past times close 200 issues.
Note how nosotros broke below the volume-weighted average toll (red line) on the weak nine AM CT confidence numbers, amongst book at bid exceeding that at offering inward ES since then. We moved below the preopening lows as well as quest maintain retraced much of the Mon rally, particularly inward NQ. We are dorsum to yesterday's breakout degree inward NQ as well as exclusively a few points inward a higher house that inward ES, every bit we're edifice book below VWAP. Gold as well as petroleum are inward multiday ranges; the dollar has strengthened vs. Aussie dollar, simply is good off its highs from yesterday. NYSE TICK has been moderately negative on the day, reflecting the selling pressure. Should nosotros concur inward a higher house that Mon breakout degree amongst improved TICK distribution, I would await a rotation dorsum inward a higher house VWAP. Influenza A virus subtype H5N1 deed below that breakout degree would correspond fresh selling as well as house us inward a arrive at merchandise betwixt Friday's lows as well as today's overnight highs.
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