Market Update

There are several 1 min charts, especially the QQQ that look like they could see some intraday movement to the upside, the longer term charts which were blocked off yesterday at 5 min. are now seeing deterioration in the 10, 15 and even some 30 min ranges. Because there's not  whole lot of support of intraday timeframes beyond 1 min, there's always the chance the 1 min positives just get rolled right over, they are nowhere near as strong as a 5 min or a 10-15 min.

All in all the intraday, short term charts like 1 min are pretty much noise, the longer term charts are trend and probabilities, here's what they look like on both ends.

 DIA 1 min.

 DIA 10 min

 IWM 1 min

 IWM 5 min

 IWM 15 min

 QQQ 1 min

 QQQ 15 min

 SPY 1 min


SPY 15 min