I'm using this indicator to anticipate intraday turns In the S&P

More important than predicting the market is understanding its behavior. Notice the close correlation between the S&P emini contract and the interest rate on the 10-year note. The link between the two is oil, which threatens an economic slowdown. When the S&P made a relative high after 12:30 pm, T-note yields were having none of it. In markets such as we've been seeing, it helps if you can act like a trader, but think like a central banker.

Brett N. Steenbarger, Ph.D. is Associate Clinical Professor of Psychiatry and Behavioral Sciences at SUNY Upstate Medical University in Syracuse, NY and author of The Psychology of Trading (Wiley, 2003). As Director of Trader Development for Kingstree Trading, LLC in Chicago, he has mentored numerous professional traders and coordinated a training program for traders. An active trader of the stock indexes, Brett utilizes statistically-based pattern recognition for intraday trading. Brett does not offer commercial services to traders, but maintains an archive of articles and a trading blog at www.brettsteenbarger.com.