Market Internals 2011-04-06
By Lawrence3-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.
Comments
euro is testing is highest level now.
if DX stage a come back here, pressure on stock markets for sure.