Wednesday, December 12, 2012
Market Update
So far among the averages, the IWM 1 min (intraday) continues to strengthen, beyond the 1 min timeframe there isn't much so we maybe see an intraday move that perhaps can be faded. The QQQ saw some VERY modest intraday 1 min chart improvement, the SPY is seeing 1 min chart improvement as well as a few other timeframes and the DIA is seeing a little intraday 1-2 min improvement, but the one that stands out the most is the IWM (Russell 2000).
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