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| The daily markets often swing through a hidden 90-minute cycle driven by the S&P futures market. This alternation predicts about 90-minutes of buying pressure followed by 90-minutes of selling pressure. This swing represents the intraday cousin of the 3-day swing cycle. First and last hour action often disrupts this cyclical flow as macro forces initiate fresh impulses. Other intraday signposts include 10:20am when the short-term trend should reassert itself, and the period leading into and out of the lunch hour, when one burst of activity completes the morning trend while a new burst introduces the afternoon one. Insiders also watch 2:30pm closely for a selloff just as the bond market enters the final half-hour. Selloffs that fail to appear right at this time often give way to strong rallies. |
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