Part of my end of day routine is to analyze the intra-day action of the S&P 500.
Basically I like to print an intra-day chart of the SPY or $SPX and mark up areas and candle patterns. I also like to make note of when reversals and or continuations occur. Adding market internals such as the NYSE TICK and TRIN adds clarity throughout the day.
Make a note: Wild swings in TICK is an indecisive market and most setups will fail as the market tries to resolve itself. The TRIN offered some clues as it was at a bullish level but was trending lower since lunch.
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