Thursday, November 20, 2014

Fade Trade Update

The gap fill in the averages (which in 3 of 4 took out the lows of the last 2 days on the open) is coming along with intraday negatives as the averages pass the gap area, they seem to be getting worse so I figured a warning is appropriate and I'll update further weakness. Thus far here's what they look like...

 SPY intraday 1m

 QQQ 1m

IWM 1 m

The SPY divergence especially has been moving the fastest.

No comments: