11:10 reversal up

Discussion in 'Trading' started by IndexSwing, Nov 19, 2007.

  1. The rest of the day will likely be uptrending, in my opinion, based on the reversal up at 11:10.
  2. jtTrader


    The tick has been consistently above -1000 which means there has been broad selling since the open. It has not been positive even once all day.

    This usually means a close below S1, and since we are all well below S1 on all the indexes, I would assume we get much worse, with selling increasing as the day goes on.