The XJO closed sharply higher on Tuesday. Spread increased as...

The XJO closed sharply higher on Tuesday.
Spread increased as price accelerated higher, and while volume increased, it was certainly not excessive.
The market continues to appear like it intends to steadily absorb its way higher, with a regular push higher followed by a step or two back (to consolidate).
Most recent downbars have contracting spread and volume, and many recent upbars show expanding spread and volume, this is seen as a sign of an underlying positive sentiment in a market.


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