- Market Tension
Last night the expectation was that finding new positive tension would be seen as bullish behavior. Today the market found some more positive tension.
I’m viewing this market as bullish.
2) Volume Flow
In image 2 you can see a flurry of selling just before today’s low. In this particular condition and cycle phase, I view these sellers as the essential to initiating a move up.
The positive energy can get an upward move started while the shorts stopping out will further fuel the move.