Tale of 2 charts

The age old question is which chart is the truest look at the markets.


In the Equity indices we have the pit session which mirrors the Nyse trading hours

with a 15 min. extension on the end closing at 4:15 EST and opening with the Nyse at 9:30 EST


The mini or all session trades 23 hours a day. This close is at 3:15 CDT..4:15 EST.


I am making this point because the chart patterns are very different. Today a close below

1164.50 Spu and 2035 Nasd will put in outside reversal days to the downside which is a price negative

formation. The pit or U.S. day only session does not paint this picture.


Google earnings come out after the NYSE closes but usually during the futures pit session.


I would wait until tomorrow to entertain any new positions.


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