Now the averages need to do the same, there are good long term signals that raise the probabilities that the intraday charts will be positive like this increasing 30 min SPY (formerly only positive to 15 min)...
Tuesday, October 8, 2013
Index Futures Held...
Es...
These are all 5 min charts of the Index futures, I only notated Es (SPX futures), but each Index has the same signals at the same places (Friday afternoon negative, late Monday starting to go positive, overnight futures going more positive and all of them holding up so far through this morning's a.m. trade).
NQ 5 min
TF 5 min
Now the averages need to do the same, there are good long term signals that raise the probabilities that the intraday charts will be positive like this increasing 30 min SPY (formerly only positive to 15 min)...
The chart above shows the weaker accumulation of the week of the 23rd until that Friday and stronger since. I look at a chart like this as a sort of treasure chest that has a strong amount of momentum and surprise locked away, the intraday charts from 1-5 min are the key to opening it.
Now the averages need to do the same, there are good long term signals that raise the probabilities that the intraday charts will be positive like this increasing 30 min SPY (formerly only positive to 15 min)...
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