Since lasts weeks release of the CPI report the market has been in a holding pattern (well some of the indexes).
That’s the Indicator (Greens) doing its thing. We peaked on some of the indexes and now sloshing through those Green prints range burning off over bought reads.
But…now what?
Noticing some interesting reads now on the major indexes moving out into the swing time frames and its peaking my interest.
I still believe the NQ is the leader of the pack, at some point this regime will change and there are many signs but for now this index will carry a heavy weight in sentiment going forward.
What’s peaked my interest is that on the NQ 480 MIN the math behind the indicators are very close to firing off a Yellow. Crazy enough that yellow would have bullish traits (Lord Have Mercy).