Primary Indicator: Green (bullish continuation and bearish reversals are favorable).
Secondary Indicator: Breadth thrust 12 Jan / Countermove attempt 18 Jan. Current MMFI = 64.56.
MR10: Focus is bullish continuation. SPY: -22 None QQQ: -2 bullish continuation + Mean IWM: 0 bullish continuation + Mean
20 percent study: +22/-7.
Conclusion: Yesterday weakened acceleration in the downtrend followed with some upside momentum which also is represented in PM, possible bullish short term. Will run 9 million, combo scan and be selective. DT in case market indicate acceleration to the upside. Yesterday indecisive candle as break reference, observant first 30-45 min of open.
Comment
Will be considerate at open since there is a hint of indecisiveness mixed with the bullish PM. Focus on HQ setups.
Comment
Market had positive breadth in line with expectation, however slow upwards grind on low momentum. There are some setups viable, but will take none and closed DT. Not much movement / intraday range to capitalize on.
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