Friday, August 3, 2012

TALK ABOUT HEAD FAKES!

We talk a lot about head fake moves being the last thing before a reversal, the only thin I see in XLF is a move exactly ONE CENT above intraday resistance, that mov couldn't spark higher highs and looks like it was hit with distribution.

 On a 5 min chart at the EXACT spot

And there it is, 1 cent above intraday resistance.

No comments: