Using Market Internals To Determine Direction

As I was scanning over some of my secondary indicators I noticed a pattern within the ADX indicator on the Nasdaq Advance/Decline that we’ve seen before and I feel is worth paying attention to.

I suspect when the coiling that is going on with the +DI & -DI resolves itself, we’ll see an end to the day to day volatility that is frustrating many swing traders right now.

The RSI is also tightening up, after an orderly stair-step decline.

First it lived above the 70 range during the first … [visit site to read more]



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