No big and profitable trend begins without one of a shorter LONG-SHORT signals leading the way. Into the close on Friday we are seeing some selling momentum building in the short-term (Fibonacci based) trade charts. The next one to fall will be the 89 minute Q, fourth chart below. It has been straggling the trend-signal line for the past three days. If and when it breaks through, I am sending out an Alert as that will be a lot of short-side momentum building underneath this market.
That's it for now, see you on Monday.
21 minute Q
34 minute Q
55 minute Q
89 minute Q
Two roads diverged in a wood, and I--
I took the one less traveled by,
And that has made all the difference.