The market stayed between the -3 and -6 Standard Deviation a lot longer than I would have anticipated. The $TICK again stayed in negative territory all day.
The market cycled in 30 minute intervals, which is common. I like to pay special attention to the 1000, 1020-1030, 1100, 1400 and 1430 ET time points.
In the afternoon, the breadth of the equity market was more negative than the futures. After 1430 ET, the futures market had to play catch-up with the equity market to the down side.
Charles
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