Primary Indicator: Green (bullish continuation and bearish reversals are favorable).
Secondary Indicator: Breadth thrust 12 Jan / Countermove attempt 18 Jan. Current MMFI = 64.56.
MR10: Focus is bullish continuation. SPY: -22 None QQQ: -2 bullish continuation + Mean IWM: 0 bullish continuation + Mean
20 percent study: +22/-7.
Conclusion: Yesterday weakened acceleration in the downtrend followed with some upside momentum which also is represented in PM, possible bullish short term. Will run 9 million, combo scan and be selective. DT in case market indicate acceleration to the upside. Yesterday indecisive candle as break reference, observant first 30-45 min of open.
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Will be considerate at open since there is a hint of indecisiveness mixed with the bullish PM. Focus on HQ setups.
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Market had positive breadth in line with expectation, however slow upwards grind on low momentum. There are some setups viable, but will take none and closed DT. Not much movement / intraday range to capitalize on.
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