Tuesday, May 17, 2011

$TICK, S&P Futures levels to watch

The $TICK is my favorite short term market gauge

So far, on the advance to the gap fill, the $TICK only got to +400

Not the sign of strong upside momentum, at least yet.

Levels to watch early on: Lows of day (all sessions) at 1319.50 for support and 1327.50 for resistance

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