Quote from steve46:
You want "fancy", I got your fancy charts right heah he said grabbing his crotch...Just kidding.
1:00 EST and this is the time for folks to try to move it up if they can. Up to now its been a rotational market, testing value and getting its ass kicked as "value" gets rejected. Its a decision point here up or down.
The attached chart is a standard 5 min candle and frankly its just too choppy to trade. When you have this kind of action, a better way to look at it is to use constant volume charts. For trend I use 2401V and for entries 800V...works for me.
For folks familiar with AMT, we have a "B" shape today with range extension to the upside. At least in theory the market "wants" to go back up and test the highs. Unfortunately you have to have buyers for that to happen and with summer here I don't see it (not yet anyway).