The 3rd Divergence

3C is falling back into line quicker then I thought possible. For new members, understand I have had a bearish perspective on the market, Friday's mystery rally with the Fed meeting Tuesday caused a lot of suspicion, but now we have a 3rd negative divergence on the 10 min chart, which is even more substantial. We still have a ways to go, but it appears this gap up is being sold into. If... smart money has knowledge of the Fed outcome, from today's action, it would appear that they are trying to get out of the market and perhaps even set shorts. Watch those limit orders for triggers. If the market does an all out breakdown at any time and you need shorts quick that give you decent market coverage without a lot of overlap, then check out the June list-June 3rd specifically is full of inverse leveraged ETFs, many of which we hold.