Today is nearly the mirror opposite of yesterday. Yesterday we had 1 min negative divergences all day as the market moved higher, it led me to believe we'd see weakness this morning. Today we've had positive divergences on the 1 and some 5 min scales that have seen lower prices all day, if I apply the same logic as yesterday, then I should be looking for some strength tomorrow.
It' been a tough day as the Greek news was not discounted into the market.
In any case, the divergences are there, they are positive on the 1 and some 5 min timeframes. I'll have to assume the same logic as yesterday, that this could lead to some strength tomorrow.
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