The nasdaq100 minis is showing basically the same thing.
Wednesday, April 21, 2010
The minis is aligned with the squiggle cash index count. In my opinion, if the SPX gaps up, runs to a new high and then retreats and closes the gap up (and closes in the red) it indicates exhaustion and a bigger drop is coming. But its only 5:43 am and the tape has yet to play.
Posted by Daneric at 5:44 AM