Monday, January 14, 2013

Follow Up to Nerve Racking

When the longer term charts like 15 min are already negative , the bias for the short term charts is to turn negative and we were already seeing that at the last post.

Now the DIA 2 min is leading negative sharply lower, the 3 min is negative, the SPY 1, 2 and 3 are all leading sharply lower, SPXU by the way is leading positive in the same timeframe.

QQQ 1 and 2 min are holding on better, but 3 and 5 min are horribly negative. Strangely IWM is pretty much in line with a slight bias to the POSITIVE on the 5 min chart. Strange.

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