SPY 1 showing a short term bounce probability, but overall the gap showed a negative divergence right at the open
The 5 min has showed no improvement
The 10 min is looking worse, it even showed distribution into the gap up today.
Same situation with the 60 min.
Look at the red volume this morning compared to the open of previous days.
While it's not unusual for gaps to be filled, the volume is pretty heavy on the gap retracement so far.
No comments:
Post a Comment