nontrend / neutral day so far... 11% below 20d median volume pace, IB range extension 10% up, 35% down, currently inside y-VA, inside IB. No real conviction from OTF. Best for me to watch.
71 is the midpoint of last week's trading, and earlier we did dip below the concentration of established value and have re-entered. So, a revisit to the highs (77s) is logical (and was the basis for my long trade that I am no longer in now). However, until it makes a move out of the range, it's still "in range" so I certainly wouldn't take a position and hope for the best. Need to see large time frame traders step in to push it out, and I can say with 90% confidence based on the relative volume that they are not active today yet (though an afternoon push may surprise). Smack in the middle of a range is not a place for OTF to operate.