The intra-day NYMO indicator now is in negative ........................
The only thing that counts is when trades are evened up at the end of the daily session...intraday is useless analytically.
Emotionally? Sure....it's a crutch.
Fib
Unless bulls are able to organize a late day push-up as usual, the intra-day data should be reflected in the daily after close .....................
Maybe...but longer term, does it really mean anything with respect to the actual dynamics that push prices in one direction or the other?
One needs to understand what an indicator reflects as an insight before putting it on a pedestal as something that may (or could) indicate a change in trend.
Fib
Depending on your time-frame for trading I found this intra-day indicator is very helpful in my ST trading. It's especially useful at a potential turning point such as today ........................
Edited by redfoliage2, 03 September 2021 - 12:14 PM.