Here nosotros encounter a Market Delta nautical chart of the morning time activity inward the ES futures. Although nosotros had unopen to early on weakness, particularly amid banking/financial stocks, nosotros never hitting pregnant selling levels inward NYSE TICK, as noted inward the intraday tweet. At the same time, equally nosotros broke inward a higher house the 4/22 high nearly 859, nosotros picked upward book at the marketplace offer, equally seen inward the bottom histogram.
If this breakout is valid as well as nosotros accept shifted to an uptrending environment, nosotros should encounter a continued positive cumulative TICK as well as continued cyberspace book inward ES at offering vs. bid, equally good equally a ascension VWAP (red line), alongside the index trading inward a higher house that VWAP level. Note that, equally of this writing, XLF has too caught a bid as well as is trading inward a higher house its 4/22 highs.
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