The 1 min divergences are problematic in that they can get run over by a big flow of money, but when they continue to develop into leading divergences , their signal is pretty strong, so we should see some continued downside from here.
It seems not only did theBear Flag get taken out on 2 false break outs-up and down-or at least 1 false as of this time, but all 3 averages hit new highs again triggering orders, putting money into the market makers tin cup for the day. It's been quite an active day for market makers and specialists.
5 years ago
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