As the market tested yesterday afternoon's lows, the $TICK was making higher lows and thus not confirming the lows in the Futures. The $TICK Pivot Moving Average turned positive at 1020 ET and gave us a little rally. On a test of the 0930 ET open, a divergence between the ES Futures and the $TICK followed by a hammer candle formation gave us a lunchtime rally.
The NYSE Advance - Decline Line also gave us a divergent signal on the lunchtime test of the 0930 ET open.
As well as the 15 Stock Sector Stochastic.
Charles
No comments:
Post a Comment