It's helpful to intend of breakout moves inward stocks every bit breakaway moves. What markets are doing is breaking away from i degree of value toward the institution of another.
Note how nosotros found a bottom inward really early on trading simply about the 878 surface area inward the ES futures per the Twitter comment. From at that spot nosotros found book lifting offers, every bit nosotros broke away from the Volume Weighted Average Price (red line) in addition to established an uptrend. Once we're inward a rise VWAP alongside rise prices in addition to rigid Cumulative Delta in addition to Cumulative TICK, nosotros tin in addition to thus anticipate moves to upside cost targets, including prior days' highs in addition to R2/R3.
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