Wednesday, April 24, 2013

Fibonacci Ticks 144-6765



Price had a very tight range today. There was a small breakout above the downtrend line, but this was turned back down shy of prior Highs. TTM Squeeze alerted on this breakout, and signaled to close the trade at the top of the move. The Double Stochastics remained in extremely positive range on the 6765 Tick Interval, but the Fast Stochastic only came back into this range for a matter of minutes on the breakout near the close. The Ergodic Oscillator is extremely close to the zero line. Prices are very close to overbought at 1575 on the /ES; this was more evident in other indexes: on the /YM, as it closed down for the day, and the /NQ, as it is now negative for the month of April.

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