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.
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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