Wednesday, July 7, 2010

Update

The market's covered some ground this a.m., we now have the first sign of 1 min negative divergences. This could be in intraday pullback as the 5 min is pretty positive, but if you are day trading, it's something you can use.

**Update, it appears the divergence is connected to the SPY hitting the neckline resistance, it may need to consolidate under that area before it attempts to break through it

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