McDonald's reported U.S. same-store growth below forecasts. The stock gapped down and was trading down 4.5% to 121.68.
Fellow Dow stock Apple fell 0.5% to 96.88 intraday, back below its 50-day moving average. Apple has been a laggard. EPS is expected to fall 25% when it reports after the close today. -- IBD
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how would this tick reading help to predict up or down? thx
On a scalp, it is the last thing I check before entering. I use a sound alert at different levels. For a long scalp, of course, the tick reading must be moving up, and above zero. I only use it for scalps. There are some other factors: size of bars, trend.
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My thoughts exactly! Momentum has switched to down but hasn't gotten extreme yet. Pretty clear ES 2157 doesn't hold down to retest support at the morning low around 2154.