As you can see on this 5 minute bar chart the e-minis have moved to a new high for the day on a burst of volume. However, the market is still below what I think is resistance at 825.I think that this high volume bar will turn out to be climactic instead of the start of a demand shock. But this is only an educated guess. If we should see high volume buying above the 825 level it will mean that a rally to 900 and above is underway.
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