Friday, June 28, 2013

Quick Market Update

So far this is just an intraday signal and we still have plenty of time for more than 1 intraday trend to play out.

All of the Index futures 1 min charts are leading positive pretty strongly.

All of the averages have either a 1 or 2 min 3C move that is either leading, but most are not, however they are improving at a very fast rate.

Here's an example of a leading move in ES, SPX E-mini futures.

ES 1 min

As an intraday chart it doesn't make a huge difference to the market update, which I'm still working on as there are some ambiguous or just not very powerful signals, for me at this time it is not a question of whether the uptrend will continue and be as strong as expected, for me it's more of a question of timing and more specifically the timing until the move to the upside resumes in earnest, not a pullback or even consolidation (choppy noise within a trend).

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