This looks to be not much more than noise, but it's visible on the averages in the 1-3 min. timeframes intraday, it stops at 5 min and some averages look weaker than others such as the QQQ/IWM. The easiest way to show you is with the ES (S&P ) and NASDAQ (NQ) e-mini futures as they tend to lead the market. I'll show you both the 1 min intraday timeframe and the longer 5 min timeframe which is more representative of the probabilities of the near term trend, in other words the 1 min shows intraday noise while the 5 min shows the higher probability of the direction of the asset beyond noise, actual trend.
ES 1 min intraday positive divergence, may be a ramp in to the close?
ES 5 min negative at Friday before lower prices, positive earlier today or overnight and leading negative now, the 5 min trend is way more important than the 1 min.
NQ 1 min leading positive 1 min intraday.
NQ 5 min negative Friday before price dumped, positive overnight and leading negative now.
I wouldn't be too concerned about upside unless you want to use it to maybe get better positioning in a short lie IBM or GOOG.
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