Tuesday, March 6, 2018

Daytraders Update 3/6

5 min Chart sent out last night: "Today is expected to be a consolidation day. The intraday cycle sees a 1st hour Low, midday Low and last hour Low. If the midday Low is lower than the 1st hour Low, it suggests a last hour lowest Low and Vice Versa."

12.00 Update: The intraday cycle saw a 1st hour 10.15 Low and a  lower 11.45 midday Low. We should see a last hour Low.

5.10 pm Update: Final Result: We saw a last hour 3.20 higher Low, which is bullish for tomorrow. The intraday cycle tomorrow, after perhaps initial weakness, is biased higher. Permature Bears be aware.

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