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Saturday, June 25, 2011

Catching up with the "Triple O" Gang...

I last posted an update on the travels of the "Triple O" gang on June 5:  http://strawberryblondesmarketsummary.blogspot.com/2011/06/travels-of-triple-o-gang.html

Since then, the gang has continued their short-short walk below the regression channel "mean" on the Weekly chartgrid of YM, ES, NQ & TF as shown below:


Price is attempting to find support at current levels as there may have been some short-covering in play as evidenced on the recent weekly volume spikes.

Since I'm resuming my trading this coming week,  I'll be watching intraday price action, volume and momentum, as well as market internals, once again for further clues on short-term direction...and we'll see where the gang travels from here...