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[Walther]

Based on intraday cycle analysis there are two possible reversal time periods. One is on Wednesday after 13:40est and the next one on Thursday, around 11:00 est . As a confirmation one can use a divergence with your favorite indicator. This should work well for daytrading.
I do not think this will be any major reversal because day cycle is not completed yet .

 

[WAEL012000]

Quote from Walther:

Based on intraday cycle analysis there are two possible reversal time periods. One is on Wednesday after 13:40est and the next one on Thursday, around 11:00 est . As a confirmation one can use a divergence with your favorite indicator. This should work well for daytrading.
I do not think this will be any major reversal because day cycle is not completed yet .

Wow, can I bet my money on it! I too use divergence but I, from now on, will drop the silly market randomness theory and stick to your crystal ball!