Market Internals 2011-04-06

By Lawrence

3-Day Advance Issues continue its micro swing divergence against S&P.

Yet Tick16 LT is bullish at the moment.

That created a conflicting environment that rally during the day are sold into and dips are all bought up.

S&P is consolidating within a tight triangle formation visible on 30-minute chart so one side will give in sooner or later.

To capture the imminent move, breakout strategy will be easier than fading the extremes.

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Comments
  • Lawrence Chan April 6, 2011 at 6:31 am

    euro is testing is highest level now.

    if DX stage a come back here, pressure on stock markets for sure.

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