I’ll have to disagree on the use of the term “spinning” with regard to my observations — that’s not where I’m coming from. If you review my posts, you can see I’m not a cheerleader.
Your point about the volume in the last half hour is valid — today isn’t any kind of breakout day and if that was the only thing going on it wouldn’t have been worth noting. However, the price action was positive over the last half of the day as I mentioned, not just the last half hour. The price closed near the year’s high, also noteworthy.
Additionally, I pointed out the price action over the last 18 months as having positive elements, which I find to be more significant. For whatever combination of neural firing patterns, I “decided” to share this longer term view, which I’ve been aware of for a while, in the context of day’s price action.
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