Posted by stevieb294 on 25th of May 2016 at 01:42 pm
I think you need to look at some secondary numbers as well. If
you look at Adv:decl numbers and Adv:decl Vol are not the numbers
we had yesterday. Most of the sectors were up 1% yest, MOST are not
today. Vix was pinned lower all day. Not the case today. (put all
those on a 3min intraday (Heikin Ashi) chart and see what I mean)
And from the very first SpX and really the market, moved up strong
all day with very little giveback. Take a look at a simple 30 min
bar chart, with no other indicators and compare the 2 days and you
will see the difference in trend. Just my opinion, of course.
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What is diff about today?
SPX 3 min
Posted by burkmere on 25th of May 2016 at 01:04 pm
I guess I don't understand what is different about the charts today then from yesterday? Seems to me they are the same and this is a trend day also.
Russell consolidation today
Posted by a_l_ on 25th of May 2016 at 03:45 pm
Russell consolidation today
Personally...
Posted by stevieb294 on 25th of May 2016 at 01:42 pm
I think you need to look at some secondary numbers as well. If you look at Adv:decl numbers and Adv:decl Vol are not the numbers we had yesterday. Most of the sectors were up 1% yest, MOST are not today. Vix was pinned lower all day. Not the case today. (put all those on a 3min intraday (Heikin Ashi) chart and see what I mean) And from the very first SpX and really the market, moved up strong all day with very little giveback. Take a look at a simple 30 min bar chart, with no other indicators and compare the 2 days and you will see the difference in trend. Just my opinion, of course.