NYSE TICK Divergences Predict End-of-Day Selloff
One of the screens that we at Fibozachi continually monitor throughout the Cash session is the NYSE TICK.
The hackneyed cliche of "volume precedes price" is certainly true more often than not, however, it is far from foolproof. We prefer to modify this tired cliche by saying that: "buying and selling pressure precedes price."
The snapshots below (from today’s session) clearly illustrate how this critical relationship (between the TICK and price action itself) plays out on a daily basis.
– Please click on any of the snapshots below to open a large, crystal-clear picture –
ESH10 (S&P 500 E-Mini) with TICK Highs & Lows Overlayed onto Price
NYSE TICK 1-Minute
Disclosure: during any given session, we may trade any of these instruments bi-directionally. We are currently flat and merry at the time of publishing …
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