Tuesday, July 27, 2010

Afternoon Update

Here's the situation on 3C 1 min charts.


IWM looking good all around-positive divergences

Q's in confirmation with 1 negative divergence

DIA 4 negative divergences

SPY 1 positive, 2 confirming and 1 negative

Interestingly, in the 5 min, all 4 market averages have 3 leading divergences to the downside and 1 either confirming or slightly positive.

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