Check out the price action in HUM today, at the open price was wide an whippy taking out the prior days low and taking out everything to the left above. What this does is it takes away all the potential buyers short and sellers long and clears everything out for a move to take place. Once price stabilized and started to move up, there were no sellers to contend with, they had already sold during the first 15 minutes of today. As you can see price moved up like a rocket and the only sellers were the buyers taking profits on the way upward... Wow, what a move and a great tip here for all Traders...
15 minute chart of HUM 05072015
