You raise a good question, because I see the same thing.
I am not taking this trade, though, and here's why:
1. I already took the spring early in the hour (profitable). Nevertheless, the rebound was rather weak (I would have liked to have seen at least 34, but it backed off well before). That suggests weakness. If it cannot challenge the hourly high, then there is more downside, usually.
2. One rule I use is no more than one spring an hour. The second breakout in the same hour is more likely to be real.
3. The fact that the spring was a challenge of the previous day's low interested me, but I passed. I'm not here to lose money.
