Note 2 dynamics inwards intraday thought hence far today:
1) We've traded largely below nix inwards NYSE TICK (note bluish moving average of TICK) throughout the morning, equally stocks select persistently traded on downticks vs. upticks. Noticing that (and tracking the themes amid USD, currencies, in addition to sectors) was telephone substitution to seeing that nosotros would pause below the of import 1137 expanse back upward mentioned inwards the morn briefing;
2) TICK levels select seen progressively higher lows, suggesting a potential drying upward of selling delineate per unit of measurement area over the shape of the morning. If that tin hold out followed upward alongside an expansion of buying--and TICK that stays dominantly to a higher house zero--we could come across meaning curt roofing add together to whatsoever bounce. We remove to outset registering TICK values of +800 or greater, however, to advise that fresh buying, non but curt covering, is coming into the market.
The lows from 1/12 in addition to 1/13 correspond of import support; a pause below those would probable convey meaning selling interest.
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