This is where I really like using the 2-Period SMA of the $TICK ((H+L+C)/3). Between 1400 and 1430 ET as the market was bouncing off the 0930 ET Open and testing the low of the lunchtime correction, I noticed that the market was acting weaker than it did yesterday while doing pretty much the same thing as today. It was that 2-Period SMA that allowed me to realize that the market was acting weaker. Yesterday on the 5-minute chart, the SMA was trending higher because the closes of most of the $TICK bars was at the upper end, while today many of the closes of the $TICK bar was at the lower end. Thus today's SMA had more of a downtrend nature.
This gave us a nice break of the 4-day range to the downside.
Charles
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