15 Minute Index Charts

The broad market tracking ETFs are currently backtesting resistance from below. Although I still favor a lasting downside resolution to these short-term bearish rising wedge patterns, rarely do I see so many whipsaw signals on such clearly defined patterns. As such, I remain short both the Q's & IWM for now but do not plan to add or subtract any short exposure until the near-term technical picture starts to become more clear.

Apr 15, 2015 10:23am|Categories: Equity Market Analysis|Tags: , , , , , |Comments Off on 15 Minute Index Charts