60m Major Markets ~~ intraday momentum is now turning up as we have seen market support today. Buying volume came in going into close even though we have seen light volume trading today after the heavy selling yesterday - 4th biggest selling in history. We still have bad economic news and market will take longer to form long term bottoms; but, we will see traders' market until we have a confirmation of a long term bottom.
Markets are showing "Symmetrical Triangles" - SPX/DOW/Nasdaq.
Qs 30/60 min also shows "Symmetrical Triangle" with upside momentum. We have Eco data tomorrow morning; so, markets will use it to move markets, but we already heard doom and gloom economic news. Will see how markets will react. Good luck with trades
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