Morning Report

Good morning,

I wanted to get this 3C chart out to you and then I'll follow up in the next post...

Here if you look at the bottom of the chart you can see the time. This is yesterday afternoon/this morning. As you can see, the market has formed another ascending wedge (bearish) like the one that broke down in the afternoon yesterday. 3C is following price up in a sort of confirmation, but it's lower relative to the last wedge, if it were truly confirming prices it would be higher, this is what is known as a relative divergence-because it's a measurement of 3C between two relative points. I'd imagine the wedge will break soon and at least retrace its base. This is still very early on in the day.