Monday, April 8, 2013

So What's up with that move?

Anybody have anything? The best I see is the SPY, QQQ and IWM all crossed in to the green about the same time, maybe that triggered an algo to start buying.

I believe Putin and Merkel were assualted by a group of naked women-no really, that happened, although I don't know why that would move the market.

At almost the same time the carry pairs of EUR/JPY and USD/JPY also took out intraday resistance moving to a new high, but that's a chicken or the egg thing.

Also about the same time, ES broke above VWAP which it had been over, but just not moving to the upper channel until all 3 averages made that new high and above the congestion just above VWAP, that could trigger algos too.

ES 1 min VWAP

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