Morning Update

So we gaped down, not a big surprise as there were no positive divergences toward the close in the 1 min. chart yesterday, however, one formed this a.m on the gap down, thus we've seen price fill the gap. Right now it's getting into a consolidation. There are hints at a negative divergence, but until they are formed I would not make a call on that. So far nothing to out of the ordinary.

I'll be watching for a possible recovery in UU/ the dollar and see if GLD traps those longs.

Take a look at the August list for HMA, it just triggered.