It's helpful to think of breakout moves in stocks as breakaway moves. What markets are doing is breaking away from one level of value toward the establishment of another.
Note how we found a bottom in very early trading around the 878 area in the ES futures per the Twitter comment. From there we found volume lifting offers, as we broke away from the Volume Weighted Average Price (red line) and established an uptrend. Once we're in a rising VWAP with rising prices and strong Cumulative Delta and Cumulative TICK, we can then anticipate moves to upside price targets, including prior days' highs and R2/R3.
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