The market has stayed above the 14-period EMA on the 15 minute chart, which is bullish. However, the VIX was stubbornly slightly bearish until about 1040 ET, when it took a tumble to the bullish side.
On the 620 tick chart, we got a 20, 38-period EMA cross at 1042 ET, and the $TICK started to trend up at 1041 ET. This led to a good upside wave to finish the 3-wave formation. Then at 1109 ET, we got the typical market reversal into the European close.
These were the only two trading opportunities that made any sense to me this morning.
Charles
No comments:
Post a Comment