Trans
R2K
Summary
I think its a case of ignore the minor afternoon price-chop noise, and follow the leaders. Trans' has an especially clear bull flag..which is being confirmed with today's break higher.
-
more later...
2.20pm.. minor down cycle - which is a simply bull flag on the hourly charts.
Market should be floored by 3.15/30pm...and rally in the closing 30mins.
A close in the 1690s will easily suffice to clarify the turn.
--
2.32pm.. today.. good example...little afternoon wash out..weak bulls out, and (probably soon) the bear chasers about to get short-stopped as we move back upward into the close.
micro 5/15min cycles should not be floored within this hour.