INTRA AUG 1

We really are in that volatility state of mind.  our intra-day signal made a buy signal at the open today.  This price movement caught me by surprise as the momentum was on a downward bias.  Nevertheless we should follow our indicators..

 

 

Make note the MACD.  The divergence tells me that these higher prices are not sustainable and we have hit the 1700 range, therefore be careful of that uptrending signal.  Also we are still in our reactionary dates, finishing tomorrow.