The great market chartist, Albert

The great market chartist, Albert Einstein, said it best: “It”s all relative.” While Tuesday”s buyers gained traction for their effort, not much effort was needed. The session”s range was relatively narrow, so the afternoon”s bounce wasn”t very impressive.

At least, not on its face.

But timing is a relative tool. And twice exceeding the prior window”s high suggests that strong-handed buyers are returning. Similarly, isolating the noon hour”s fresh lows suggested that weak-handed sellers were finishing. New highs could print Wednesday, so long as Tuesday”s shallow overall range isn”t rejected by a deeper opening drop.

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