so far, the 1 min negative divergences seems to have kept the market in check, however there's a bear flag in the SPY, it has broken down as it should, but again, we know how often these fail in either direction, so be on the watch for a move >$114.30 as that would suggest a crazy Ivan reversal to break it out to the upside.
Right now, I'm sorting through the entire Russell 2000 with 3C and looking at non-market specific positions, in either direction and will be posting some of these trades today.
5 years ago
2 comments:
Could be that the transports are trying to catch up from yesterday since they lagged the market, but they are up almost 1% today. I would like to see this pull back to confirm a reversal, otherwise I would watch to see if it pulls the market higher.
Transports went negative on 3C at 10:05 on the 1 min. The neg divergence is just showing up now on the 5 minute. They should head lower.
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