TICK INDEX

This index is useful for day traders and those looking for some extra confirmation in small intraday moves that may be at very important levels. Here the Index in green goes into a negative divergence after the breakout in the QQQQ, you can see the SPY in red moving higher, the Tick Index moving lower which created the small pullback we saw right after the breakout in the Q's triangle. So far the triangle held up to the first test. Anyway, another short term tool you should look into.