Obviously my Doctor was running more than a little late today.
In any case, the overnight session gave up at least 7 points after an initial bounce higher, the destruction this morning seems to be from 3 economic reports that are all better or good news which is bad news for a Sept. Taper.
My initial look which I took as soon as I got in the door shows the Q's, IWM and DIA all putting in positive intraday divergences so I think they are pretty close to an intraday low and should bounce shortly. I'll get charts of those up next so you can see as they appear to be fairly imminent.
5 years ago
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