Wednesday, April 10, 2013

Not Having an Easy Time of it

I'm referring to the ramp...

 QQQ 1 min attempt to ramp EOD

 2 min chart shows no migration so the underlying strength of the 1 min chart is not very strong

 The TICK shows stocks moving out of the channel, I'm not sure what it looks like this minute

 ES 1 min is showing distribution in to the attempt, which is the point of the attempt.

 QQQ momentum , RSI and the Stochastic Embed have all fallen out (lost momentum) which isn't good for an EOD ramp attempt.


Most importantly, even if they did try, VXX hasn't moved lower all day and this is the ramp asset of choice, not even in to the EOD.

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