Monday, May 18, 2015

UGLY

It appears from intraday action, HYG activation was likely to try to hold the close, this is some very ugly intraday action, lots of selling in to it.

The DIA is the first average close enough to taking out the "Gas in the tank" charts. The others are just deteriorating more, but not as much join the way of migration yet. You'll see below.

 SPY 2m

 SPY 3m

 IWM 1 min

 IWM 3 min

QQQ 1m

QQQ 3m

DIA looking the worst 1 min

 DIA 3 min

DIA 5 min

DIA 10 min

And TICK still can't get off its back!

No comments: