Looking like an intraday flameout on the downside. Watch TICK. There's also a possibility USD/JPY is about to reverse very short term. If anything develops from here with what we have now, I'd expect more of a parabolic "V" shaped intraday move.
Friday, July 24, 2015
Quick Intraday Update
Really this is where I should have taken QQQ puts off the table. Are you watching the volume as we near the 2 pm hour, SPY volume looks very close to an intraday flameout or capitulation/short term selling event. Keep an eye on TICK as well.
SPY
IWM
QQQ
Looking like an intraday flameout on the downside. Watch TICK. There's also a possibility USD/JPY is about to reverse very short term. If anything develops from here with what we have now, I'd expect more of a parabolic "V" shaped intraday move.
Looking like an intraday flameout on the downside. Watch TICK. There's also a possibility USD/JPY is about to reverse very short term. If anything develops from here with what we have now, I'd expect more of a parabolic "V" shaped intraday move.
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