Day 1 and Day 2

The first day the stock is running or if it's still on the front side. So could be day 2 but it keeps going higher, you will see pro traders will put it as day 1, when they feel its still front side for short. Afghan (small cap pro trader) only play the day 1's if he feel there is capital structure issue (by doing DD on the filings). Day 2 = 2nd day or when Pro traders feel backside is in.

In the above example, you see the stock on the left hasn't made any significant pullback, pretty much holding the gains for the day. So it is considered to be on the uptrend will be on the watch for the next day. Whereas the image on the right-hand side you see the stock has gapped down almost 5 points. This implies the buyers from yesterday are now underwater and we will be looking to short sell any push back to the previous close. Ended up making a small spike off the open and declined all day.