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Market Internals 2011-06-26
Since last update, we’ve got another selloff from resistance above.
The Tick16 short term index is now correcting while the 3-Day Advance Issues has corrected already.
Within a day or two, if Tick16 short term moves towards the neutral zone, a bottom will likely be made.
That implies we are going to see very negative reading in Tick16 intraday, and it does not necessarily translate to much lower price levels in ES or NQ. All that implies is that we will see wild swings more easily.
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