Note the low TICK's. The TICK machine spits out -1200 numbers uber low readings verifying that the bathwater, baby and the kitchen sink are all thrown out the window. You always want to enter any long trades, or cover shorts, on the very low ticks below -1000 since it places a few pennies in your favor. Conversely, you want to enter a short trade, or exit a long trade, on the high TICK's above +1000. This is more important to daytraders and VST traders rather than short-term or intermediate-term traders.
The SPX 2-hour chart hints at the rally continuing but the SPX is mini-crashing. Whoa boy. UTIL is down to 696 creating market weakness. Bulls must push UTIL above 709 as soon as possible, otherwise, the stock market may crash. There is not a lot of time either; the bulls need to send UTIL higher within the next couple-three days or they will be out of time. The bulls will need to resume the Santa Claus Rally tomorrow to prove is in intact if today remains weak. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.
Note Added Early Friday Morning, 12/28/18: The -1200 TICK's are uber low so you look for snap-back rally. Comically, it comes in spades. The stock market stages an epic comeback rally on Thursday, 12/27/18, the Dow reversing 870-points off the intraday bottom. The TICK machine then goes wild spitting out +1400 numbers during the last 45 minutes of trading. This is off-the-charts bullishness. Shorts are covering running for their lives. After such a huge TICK print, stocks may need to relax and chop along sideways to absorb the euphoric joy.
Note Added Saturday, 12/29/18: The stock market chops sideways in the Friday session absorbing that +1400 euphoric joy.
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