Tuesday, April 2, 2013
Fibonacci Ticks 233-6765 TTM
A TTM Squeeze formed at the open on the intermediate interval Tick charts, as prices consolidated after a rally overnight. Momentum carried prices higher out of the squeeze and were supported by William's Alligator underneath. Several squeezes fired leading into the High of the Day (HOD) that ultimately fired nearly ten red bars on the 6765 histogram. The momentum abated with the print of the first yellow bars and prices rallied into the close. William's Alligator acted as strong resistance on the afternoon sell-off. Prices are above the Jaw on the short interval Ticks and flat on the intermediate to long.