Thursday, July 26, 2012

Chart Update

Here are several of the intraday charts just starting to turn, this could lead to some choppy trade as an alternative to a reversal.

 DIA

 ES

 QQQ

 Financials

Tech...

The one area I still have some upside concerns over is the IWM. The short term has seen flat price, perfect for accumulation and there have been positive divergences, the larger trend without intraday noise is quite negative, so it's still a matter of timing and tactics in my view, not strategy.

 IWM 1 min

 3 min

 5 min-note the flat price range, often an accumulation area.

The 15 min is the strategic view.


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