Look at this market profile; if there is some mystical force out there (GS) trying to keep this market afloat it looks as though all you do is continue to gap the market higher and buy any sign of weakness. These tight, fat bodies just show "value" being accepted at higher levels still.
Here's the intra-day activity in the very slow and sideways range with "the TICK Molestor" divergences:
Here's an up-close and personal view of the 15-min chart:
The 30-min momentum oscillator is hinting at preparation for another upward push:
Looking for a potential breach on Monday of the overhead resistance:
And here is my wish list for this time next Monday:
2 comments:
Note that the TICK molester rarely got above 500ish all day. Very lackluster breadth today. Yet, the divergences were still very useful information.
Yes, yes, yes! Love it, love it, love it!!
Thanks Richard!
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