March 24, 2014

Intraday analysis

A 30-40 point move in first 15 minutes is a strong move and sets the bias for the day. Crossover above 6580F was the first buy signal.

However most of the gains already happened in early morning so this buy signal gave 15-20 points profit only.

There was no short signal... also, any short signal on a day like this should be ignored specially when the broader trend is so strongly up.

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