The market is staying in this small range just above 1018.
As the market tested the recent lows, $TICK was not confirming the lows, and gave us a bullish divergence.
The New Home Sales encouraged the market to continue its bullish bounce off of support. However, at 1032 we got a bearish $TICK divergence on decreasing volume. This sold the market back to the VWAP Line.
Charles
No comments:
Post a Comment