Higher Highs, Higher Lows

The market continues to show a pattern of higher highs and higher lows on the 10 minute timeframe, but the heavier volume near the open and subsequent activity below daily VWAP is reason to go slow with trades today. There is no sign of reversal here but big volume without further upside often means distribution.

My buddy Adam always has great content and he’s got a NEW LOOK on the way.