Thursday, November 15, 2012

INTRADAY PULLBACK

No special or worrisome intraday negative divergences, in fact very few at all, the TICK chart is interesting though.

 DIA 1 min

 This was as close as it got for a negative divergence in the futures, NASDAQ 1 min

 QQQ barely anything there

 SPY nothing there

The TICK
Not only has the trend in the TICK changed over the last few days/today as prices are next to flat, but we have a move to the +1500 area which is extreme on the upside, especially when the market is essentially flat!

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