TICK Divergence – Afraid to Trade

Another Triple Swing Negative TICK and Momentum Divergence

Bycjrosen August 4, 2009

Today (August 4th) gave us yet another powerful example of the “Three Push” Reversal trade in the SPY and @ES futures which was confirmed with a ‘three push’ divergence both in the momentum oscillator and more importantly in the TICK. Let’s take a look.

Daily Commentary

Three Push in 15m TICK Suggests Higher Prices for SPY

Bycjrosen June 24, 2009

In a quick pre-market post, I wanted to show the SPY 15-minute structure which has a possible complete fractal Elliott pattern combined with a “Three Push” Reversal (divergence) reversal pattern in the TICK.