Technically we’re off to the races. If one looks to the chart of the S&P 500, he’ll have to admit how bullish the chart pattern is. However, this pattern is painted with mark-ups. Meaning that in the end of the session suddenly high volume let prices soar. This was the case on Friday and yesterday.
First let’s look to the opening of yesterdays session. A lot of money came in to paint the steeply higher opening.
First let’s look to the opening of yesterdays session. A lot of money came in to paint the steeply higher opening.
And then at the end there was another volume surge in order to paint the tape in a rather positive way.
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