Wednesday, June 26, 2013

Quick Update

The DIA and IWM are now starting to go positive from the a.m. pullback toward the gaps, the index futures are not there yet, except TF (R2K futures) are showing a positive signal.

I'd say the IWM has the strongest signal so far, which is still an early signal, although it's also found on the 2 min chart as well. That happens to be the same average as TF in the Index futures (Russell 2000).

I'll keep an eye on them, but nothing so far seems out of place, a gap up, a gap fill, pretty standard. NYSR 1 min TICK is very helpful right now for determining the change in character that will precede a change in trend (intraday pullback).


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