As long-time readers know, ane of the marketplace indications I follow is the distribution of the NYSE TICK every bit that unfolds during the day. This morning time provided a especially skillful example of a short-term designing that I honour especially useful: a serial of ascension bottoms inwards the TICK, suggesting that selling pressure level is drying upwards over time. Once nosotros meet toll moving to relative highs from ane TICK summit to the next, those successive drops inwards the TICK operate out overnice entry points on the long side. The toll lows at recent TICK bottoms every bit good render a natural terminal loss signal for the quick daytrade.
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