Friday, March 6, 2015

Quick Market Update

Here comes the oversold (intraday) bounce)...
 SPY 1 min

QQQ 2 min

The divergences stop at about 3 min, there's a big difference between 1-3 minute and 5 min, note the volume also a key giveaway.

IWM 5 min is really doing nothing, but the volume is very noticeable on this chart.

Seven years ago or so when I was placing well over a hundred trades a week, this is the kind of day trade I'd take one.

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