The Bulls have started a run up over the past three days but with lots of struggle, I suspect this has something to do with profit taking from the huge run down which still may not be over since on the hour the average has not yet made a HH.
Choppy markets like this are difficult to profit from on the higher time frames, little gains can be lost on the roller coaster.
Looking at my 5 min average chart we can clearly see how choppy it is as the bulls make slight gains over the bears.
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