The Yen negative was just intraday so that's why they didn't put a lot of money in to the EOD bounce (1-2 min. positive divergences), they aren't looking at 3C, but they can tell from the depth of the order book.
5 years ago
Wednesday, May 15, 2013
**Important Market Update
As I mentioned a little bit ago before the Q's and SPY bounced after 3 p.m., that the divergences(positive) were small. Here's why they were small and what exactly moved the market although I suspect the Q's got a "little" help from improving AAPL.
The SPY vs the Yen, again the Yen headed down first, allowing our 1-2 minute positive divergences to develop, then the market moves up EOD as the Yen continues pulling back.
The Yen negative was just intraday so that's why they didn't put a lot of money in to the EOD bounce (1-2 min. positive divergences), they aren't looking at 3C, but they can tell from the depth of the order book.
The Yen negative was just intraday so that's why they didn't put a lot of money in to the EOD bounce (1-2 min. positive divergences), they aren't looking at 3C, but they can tell from the depth of the order book.
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