dWbShadowTrader Quad

Advance Decline Breadth zoomed up at the open, but tapered off and flat-lined the rest of the day. The MA's of Breadth and Up/Down Volume gave a boost at the close as they intersected. Cumulative Tick was positive most of the day, with a lot of action close to zero. The thirteen minute Market profile of the previous five day's action shows a Point of Control just above current price (off-screen) at 1581. Price came into the Pivot Point (PP) and Value Area Low (VAL) during the premarket and volatility squeezed as it oscillated back and forth between there and the rising MA's. The PP and VAL ultimately gave way and price pulled the MA's up to attack R1. Prices receded on the first attempt but were able to break through after falling back to resistance turned support at the PP & VAL. There may have been a bit of a short squeeze at VAL as the wicks of three candles broke through VAL as the bears tried to resume control. The third Failed New Low (FNL) brought a somewhat parabolic move up that eyed the prior day's Point of Control (POC). The market came up several ticks short and fell back down tor a similar sighting, resistance turned support, now at R1. Four candles here attempted to break through, which again may have been a smaller short squeeze with the third wick breaking through. A small rally ended at the High of the Day (HOD). The high was on a spinning top or doji, as buyers were definitely weary to be long going into tomorrows action. The HOD was also on an extreme reading of the Double Stochastics, where the FastSTO had already turned lower (divergence), and on the Ergodic Oscillator where divergence was more apparent as it was well off its' highs.