So far it's not past the 1 min in most and not past the 5 min in the Q's, so while it could be a decent intraday bounce, it shouldn't change the trajectory of the trend.
Wednesday, August 31, 2011
Another bounce
Remember, reversals are a process, not an event.
DIA 1 min
QQQ 1 min
QQQ 5 min suggests this could be a decent intraday bounce, I would use strength to enter shorts.
SPY 1 min.
So far it's not past the 1 min in most and not past the 5 min in the Q's, so while it could be a decent intraday bounce, it shouldn't change the trajectory of the trend.
So far it's not past the 1 min in most and not past the 5 min in the Q's, so while it could be a decent intraday bounce, it shouldn't change the trajectory of the trend.
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