today, we are in 'breakout mode'. This is actually rare situation where we closed yesterday with LOW 15-min ADX. I think odds today are on a directional move away from the 1507 area. My guess is up towards 25-30 but I will remain flexible and just 'go-with' the momentum. I am not going to fade a move this morning as I see no significant resistance above yesterdays high. If we break lower, I will go with that too but be mindful of action relative to
VWAP to signal that the 'tape' is not signalling a big dynamic down day.