Market Update

After the Opening Indications post, there are just more and more signals lining up.

 MoneyStream which is one of Don Worden's indicators (this is the guy who started all money flow indicators with Tick Volume originally) that rarely gives intraday signals is still negative along with 3C and TSV if you want to go through them all.


 Watch the triangle for a break either way and watch volume, a break to the upside is most likely a good opportunity to enter short positions on price strength which gives you a better entry with less risk, a break below isn't a definitive move as there's usually some game play, but keep an eye on volume, it will tell you how retail in interpreting events.

 The 5 min ES chart is UGLY, volume is a bit low, but it is Friday.

 The 5 min NASDAQ Futures also VERY ugly, no support here either, money has left the building and price is sitting on a long thin branch.

Surprisingly, even for a triangle, the TICK is extremely mellow at + or - 750 all morning, watch for changes here too, especially if they contradict price.