Bearish TRIN and TICK Indicators

The TRIN indicator is trading in the bearish zone between 1.40 a 3.00. Note the nice small candles and the tight trading range. This is very bearish.

The TICK indicator trades in negative territory for the majority of the day. This helps confirm the weak market conditions. You may add more shares to your short position when the TICK comes close to the TICK resistance line.

3.00

2.00

1.00

When weak market conditions occur, it is best to bet your money on the short side (sell short). This decline in price is the result of very bearish market internals.

0 0

Post a comment