What is the tick reading saying?
This is what we normally talk about in OUR VIP ELITE GROUP HERE but I thought I would post it up for you here today.
On the 18th, which was yesterday the tick reading went right down into the -150 zone which is seen as being quite an oversold area, but then later in the day it actually flipped back to a buy signal. Looking at this tick reading indicator, and also the S&P 500 It would be astute to assume the market is going to see some sort of buying in the next day or so.
We shall see what happens in the next day or so. But we are at a very interesting point in the market.
Happy trading :-)
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