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Can I ask something? Why did the 09:00 candle plunge to 54.83 and then close at 55.99?
It traded 791,000 contracts, the most all day, and buyers stepped in immediately after the plunge.
Then the 10:00 candle shot straight up to 57.24—does that count as a reversal?
Volume was only 346,000 contracts, 44% of the 09:00 candle's, and it gave all that back over the next seven hours.
So what exactly is 55.49 stuck at now?
At the midpoint of the 09:00 candle's lower wick, with neither bulls nor bears winning.
The highs of 57.18 and 57.24 are only six cents apart, but price just can't get through.
The low went from 55.05 to 54.83—lower still.
That's why I only watch $INTC one line: whoever breaks it takes responsibility.
U.S. stocks don't open until 22:30 tonight; the current price is being formed by resting orders.
At 14:00, only 80,000 contracts traded, 40% of average volume—no one wants to bet right now.
Only a move back above 56.23 would count as a recovery; a break below 54.83 and it's game over.
(Not investment advice. You are responsible for your own gains and losses.)