Wednesday, April 3, 2013
Fibonacci Ticks 144-6765
The markets opened under the Double MA's. A brief test and fail; selling ensued. The Double Stochastics and Ergodic Oscillator went extremely negative right off of the open on the short term Tick charts and worked their way down on the intermediate and longer term intervals. There were several short re-entries using the TTM Squeeze. The A Wave went negative at the open and has yet to re-enter positive territory on the 6765 Tick interval. The 144 is flat-lined on the A and C Waves and currently in a squeeze. Elder Impulse was a valuable indicator in showing the exhaustion of moves. PPS sell signals were incredibly accurate on intermediate and longer interval Tick charts.