3C is still pretty much in line with price action, there's no short term positive divergence yet really that would turn the intraday-1 minute trend up. There's a support zone at $106 on the SPY, which makes breaking that and triggering stops an attractive option for market makers/specialists. Whether they do or not, I do not know. If they did, I would think we would see some sign of accumulation in that area. IT may accumulate before then too, I just can't say until I see it.
Actually we just got something that looks a little positive as a possible 1 -min positive divergence. Let's see how it develops.
5 years ago
2 comments:
Still looking for a strong bounce into the end of the week right?
As of now, yes that is still the expectation
Post a Comment