Today and tomorrow are daily CITs (Change in Trend) to watch and should be important. A CIT could be a High or a Low.
Daily CIT: 8/31-9/1
Intraday CIT times to watch for 8/31/09:
Hourly CITs: 12.45-1.50 pm EDT
5 min CITs: 9.45, 12.50*** and 2.30 pm EDT.
There is a triple hit at 12.50 pm, that is currently biased to be the Low of the day.
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2 comments:
http://finance.yahoo.com/echarts?s=^GSPC#c...ource=undefined
9.45 was a 9.50 Low, next is the major CIT at 12.50 pm
The intraday pattern is normally Low am (1st hour) to High pm (last hour) or vice versa
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