Wednesday, August 15, 2012

Important market update


There are very short term signals for an intraday move up, this is mostly 1 min charts and hasn't had the strength to hit 2 min, in fact 2 min and longer have seen some damage today. Take a look at QQQ

 1 min leading positive for an intraday move up...

 No migration to the 2 min chart which saw some damage today, some pretty heavy damage.

5 min chart still solidly negative, maybe a quick move before closing trade, maybe setting up tomorrow's open for ugliness...We'll see, I just wanted you to know

No comments: