Volume selling eases up into NY Lunch.
-.764/768's have held the Line all AM Session.
With the EU now closed, Liquidity is an issue.
It's a mixed bag at present.
15575 has been the Wall - the reaction there can provide further Squeeze
or set up the afternoon reversal to the Lower Price Objectives.
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11 of 100 NQ Components are Positive.
Not an encouraging sign for a Monday.
Tuesday when participation returns in force will be the pivotal day.
We see the Trend/Momentum Cloud is well above, we need to consider the
Possibility there could be a large FED induced BUY Program Tomorrow.
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3/5 is underway, but within the ST Structure in Large Ranges there are violent
Counter-Trends within the Larger Trend.
Ranges being what they are - Large, it's best to let it breathe at times.
There is no rush to enter the 3/5 Trend, it will provide entry again prior to the
next move sharply lower.
.764s keep capping the upside today. For Scalpers, the entry is clear.
VXN 3 to 5 Min Thiumbnall Chart with APPL and MSF same... provides quick entry / exit.
- There remains the Potential for 200 Ticks up chop into the NYSE Close.
Trade Safe.