The day got a bit brighter as some great intraday patterns began to form midday. Volume pick-up was somewhat unusual around 10am. Perhaps managers are chasing the market. By 10am, we held on to the level of yesterday's close, and we even made a fresh new highs in the morning.
I got into AXP on retrace. This tend to be the best patterns early in the morning, but I traded it anyway since the breakout occurs with great volume minutes prior, and a new high was made. It's very likely there will be a fresh new high with follow through.
Here's an intraday chart of AXP
a similar trade in X
