The indices are in a critical state with the TF having printed a new low and the others holding up, though not by a lot in the YM/Dow. This sets up a Market Condition conducive to a very sharp move. Watch breadth. It should begin to contract rather dramatically if the indices are about to accelerate lower. On the other hand, if it cannot contract a very sharp rally is very likely to occur. If the indices close near their lows it is going to come down to the Globex session in which case Breadth is not going to help as a “tell” .
30-yr. Bond Alexander Trading Apple Auction Market Concepts Auction Market Profile Auction Market Trading Australian Dollar Breadth British Pound Copper Corn Crude DAX Day Trading DBSA DIA Dow ENQ ES Gold IWM KRAs linkedin Market Breadth Market Profile Market Profile Nasdaq 100 NQ Pre-mkt. qqq Russell 2000 S&P S&P 500 SPY stock indices stock market top TF Tom Alexander Trader Education Trading Education Trading Tips Trading Webinar Volume Wheat YM
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