Friday, December 13, 2013

EOD Update

There are a lot of bullish closing daily candle formations among the major averages for the last 2 days (today).

Here are some of the charts, I'm leaving everything as is, as I suspected early today, it would be a day of paying attention, but mostly patience.

 DIA 10 min leading positive

IWM 30 min leading positive, small, but there.

QQQ 2 min shows the stop run was accumulated and volume shows stops were hit.

 QQQ 5 min with the head fake move as well

SPY positive intraday on the Tweezer bottom

SPY 10 min leading positive

And the 5 min TICK custom indicator.

I don't love areas like this, but we get paid to take risks, and this seems to be a pretty well calculated risk, it doesn't change any of our core positions or analysis.

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