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
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