Note how the moving average of the NYSE TICK (blue line; top chart) has stayed below the zero level (orange line) for most of the morning. Similarly, we've seen much more volume in the ES contract hitting bids vs. lifting offers (bottom histogram; bottom chart). When we get directional signals from both indicators, that's when we're most likely to see trending trade.
I see Henry Carstens has consolidated his trend identification tools; excellent decision support.
.
Posts
3 comments:
Brett,
Thank you.
Your times are CDT?
Can you post your chart setups?
sk
Haven't had a nice trend down like this plunge 8 points in the last ten minutes in a LOOOOONG time. I figured this time we were gonna sell off hard the last few minutes when we couldn't get north of the the 1032 level from 14:30 (CDT) onwards, so I got good and short and rode this puppy into the ground. . .
Treasuries, Treasuries, Treasuries.
Cannot stress that enough for today.
Post a Comment