I'd say we are on our way, especially after that stop run yesterday in the SPY, it was 4 cents away from the level I predicted the day before when I said, "If it were me" and "If I'm thinking like a crook", I guess you see it enough, you kind of know their games to some degree.
In any case, here's the short term intraday momentum vs the bigger picture (for this move) as well as the one tool you can always use to help predict intraday momentum which is excellent for tactical entries or exits...
QQQ 1 min intraday momentum fading with non-confirmation...
However it's not much of a concern as the next timeframe at 2 mins looks perfect. In fact, this may lead to an add-to or new AAPL entry position.
QQQ 5 min leading positive at what looks like an almost complete inverse head and shoulders bottom.
QQQ 15 min shows last week's run on tiny relative accumulation and a really nice current 15 m chart.
SPY 3 min intraday is peeling away from price a bit, 3 min is still an intraday timeframe.
15 min looks great for a continued move.
Intraday difference in $TICK momentum
And TICK itself is no longer trending intraday, that's a good indication for intraday activity.
I see the SPY has already lost momentum and looks like an intraday correction is coming.
These are some tools for your tool box and you don't even need 3C for the intraday, just apply ROC (Rate Of Change) to price and look for the divergence, it's there.
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