Buying Pressure within Market BReadth is declining overall, while breadth is narrowing on
the Gamma concentrations.
We anticipate a decline setting up nearer term.
200SMA trap and gap on weekly closing or is more time required.
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Retail traders' juices are flowing...
The NYSE Tick Index gives us the relationship of stocks up ticking versus down ticking. The Tick is an extremely useful tool for intraday traders.
For Example:
If there are 3000 stocks trading on the NYSE and 1500 trade higher from their previous price and 500 trade lower than their last price the Tick will read +1000. But wait what about the other 1000 stocks?...
