Flat o/n -
/nq - extended and top of channel...
could drop 15 pts easy to bottom of uptrend.
eurozone PMI expands...
FB, PCLN targets raised...
AAPL strong on patent news...
/cl - just about a 50% retrace from high to low run - last week.
/cl - perfect touch - 50% fib.
/tf - on Fri. close.
/cl - bounce to cover and now puke candle - dropping it back to 50% fib level... no support, no triple bottom in place.
note: /nq chart is very 'smooth' whereas /tf /es extremely choppy lately -- may be easier to stick with /nq patterns as less prone to noise.
3126 is 50% retrace --- Fri low to o/n high this morning -- would be interesting if it touched and ended up being the low. 9:14 am
ADn -800 trending lower...
adn -725 --
IBD leaders powerful but already 10:25 and still weak.
/nq - pushes to unch. Fri close --
advr -68 may just push through
trla, scty, z, fltx -- squeezing everyone.
/nq green with adn -500
/tf -- Through top -- Fri high.....
once /tf broke 5 min TL -- and settles above 10 min OR -- have to go with uptrend.
/nq - takes out highs 3140 with negative AD.
triple top channel formed (new channel)
AMBA -- through 50 day MA - -stophunt -- now below -- curious.
/nq -- RED.... clearly the better short.
must recognize - divergence--- /nq was the correct one to look for a triple top...
/tf - bull flag -- triple top
adr +178 This is not a short with strong IBD leadership.
ADr flat... best trade of the day is over now....
/tf - above 10 min OR AND advrld +70 and IBD names strong == shorts gonna lose.
/tf - pushes to the highs at the close