The only one of the major averages that pulled back intraday and had significant enough positive divergences to try to ramp the close for closing the quarter was the IWM, here are the charts quickly...
IWM 2 min accumulation in to today's move lower...
IWM 5 min accumulation in to today's move lower...
This is obviously enough to load up to try to ramp the close,
but is it enough to look at a long swing trade, I go to the Russell 2000 Index Futures...
The 5 min chart has NO positive divergence.
The 7 min chart has nothing nut distribution sending futures lower.
The 15 min chart is no more than in line on the downside.
The 60 min chart is the same.
I can see no reason to take on long risk here, so we go back to Friday's Week Ahead and look for any possible accumulation tomorrow as the quarter has ended and window dressing with it.
The Custom TICK trying to ramp the close...
As well as NYSE TICK
HYG was even called in with a little bump.
Coming, as I hoped, I have the Window Dressing Data that supports Financial Shorts or a FAZ long position.
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