I published a mid-day post on this indicator along with my feelings about the quality of the data and the increase of noise. It might be worth the read if you didn't already read it.
It is interesting how it issued a good one day buy signal and now it is back to red. Both the 2k and the SP500 are close to issuing a buy. Tomorrow I am expecting a weaker open based on the trend setup in the NYSE ticks today. In order to push this indicator up into the buy zone, assuming a weaker open, the day will have to build up strength.
If we do get any morning strength I will be anxious for the mid-day running of this indicator.
Watch my tweets or better yet join me in the trading room for live update. http://ttthedge.com
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