Tuesday, November 15, 2011

Market update

Breadth is off it's lows, but still -900s currently

We've held within the first half hour's range so far, but we are far from strong.

There's a small double top up at 53.25. If it gets taken out, there could be a quick run to yesterday's highs, but its a long way to go here.

If the lows of day are taken out, look for a move towards 41.75 as first support.

$TICK is trying to diverge here, but we are swimming against the breadth here.


No comments:

Post a Comment