Thursday, March 26, 2015

A new observation

The index and the stocks were sold heavily.

During the sell off 1 min trend was consistently within the bollinger bands as it will be seen below for the open positions.

After the recent 5 min break up the market traded many times above 1 min upper bollinger band.
Does this imply that the pressure is off at least for the while and the next target is really the 5 min counter bollinger band.

We will see.

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