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Thought that I would post this while the Internet is working. Just after Noon ET, we got a nice Financial and Discretionary Divergence with the broader market. During the morning trading, the market was able to close the gap despite the weak Financial and Discretionary markets.
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The morning trading is typically a good time to play the up and down $TICK cycles. It appears to be more reliable in the morning hours. Once the 2-Period SMA of the $TICK (H+L+C)/3 pivot turns up or down, you usually get a follow through 5-minute bar.
Charles
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