Changes in Character, if you asked what was the most important thing to look for in trading, I'd say Changes in Character as they lead to changes in trends. In some instances like a channel buster, they may seem one way at first, but actually be a red flag of the complete opposite, that's the same for head fake moves.
In any case, I noticed it first in Index futures, considering how well the little intraday steering divergences had been handled today (I suspect we see an options max-pain op-ex pin somewhere near today's close as usual) to see changes in character, especially in the Q's as mentioned earlier (re: AAPL), I thought it would be worth an update as we may see some other interesting changes with Leading Indicators already making some significant changes, some for the first time this year (2015).
SPY 1 min
SPY 3 min
QQQ 1 min is one of the more noticeable ones...
IWM 1 min not so much, but...
IWM 2 min more so.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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