Wednesday, May 22, 2013

Market Breadth-Hit and Run-I'd wait

We are seeing some of the volatility I mentioned earlier, we'll see it all day in my opinion. This looks like a nice fade considering the averages look like this...

 QQQ 2 min- suggests this would be a good fade...

SPY 2 min suggests the same, but there's a lot of unpredictability here, especially before Bernie.

The strange thing is the TICK...

VERY, VERY thin for the open.

I wouldn't take this one

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