Today's POMO came in at a s:a ratio of 3.6 (below the median of 4.1x) meaning the PDs have some money to throw around today.
Here's an update:
The charts at 5 minutes are not too exciting and the longer term charts I showed yesterday remain intact.
This may be an intraday rally or...? I have a feeling it's probably the former as, but notice when accumulation on the 1 min charts began-POMO ends at 11:00 a.m.. Tomorrows initial jobless claims are probably the bigger issue right now and probably leaked. Yesterday there were a number of stories -mostly focussed on SAC capital insider trading, but the point is, these reports are routinely leaked and considering last week's data, many are looking for clarity in tomorrow's report.
*remember, red=distribution, white=accumulation and green= confirmation
DIA 1 min.
IWM 1 min.
QQQQ 1 min
SPY 1 min
No comments:
Post a Comment