There's no confirmation among any of the major averages this morning, not even on the fastest timeframes. I suspect with the a.m. move being parabolic and the TICK about to go negative, we may see the other side of the parabola soon.
Monday, July 1, 2013
Early Update
It's a bit early to make any judgements, but based on what I saw pre-market, this fits pretty well.
There's no confirmation among any of the major averages this morning, not even on the fastest timeframes. I suspect with the a.m. move being parabolic and the TICK about to go negative, we may see the other side of the parabola soon.
DIA 1 min non-confirmation
IWM 1 min (the 2 and 3 min aren't any better), the Q's look similar.
The SPY not confirming
And the TICXK starting at +1250 on opening orders and now near the zero line so momentum has definitely shifted.
There's no confirmation among any of the major averages this morning, not even on the fastest timeframes. I suspect with the a.m. move being parabolic and the TICK about to go negative, we may see the other side of the parabola soon.
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