The 853 level is proving to offer some resistance. A short-term bullish case can be made if the market convincingly closes above this level.
The market found support near the -1 Standard Deviation of the bearish 10-Day Average Distance from the 0930 ET open. The market spent most of the day in the +1 to -1 Standard Deviation of this bearish 10-Day Average. It turned out in the morning that the highest probability trades were short trades whenever the $TICK average pivot was above the longer term averages, and in the afternoon, the best trades were long positions when the $TICK average pivot was below these averages.
Charles
No comments:
Post a Comment