Thursday, November 11, 2010

Going into the close

 DIA 1 min approaching a leading negative divergence.

 QQQQ 1 min relative negative divergence

SPY 1 min both relative and leading negative 1 min divergences

 DIS 1 min leading negative divergence

FAZ 1 min leading positive divergence.

The fall in SPY, QQQQ and DIA does not seem correlated to the USD as it is heading up in a bear flag.

We still have nearly 30 mins though, we may see a late day surge in buying trying to front run tomorrow's POMO.

2 comments:

JC said...

Does anyone believe we are going to get a selloff anytime soon? Just wondering, as the GM IPO is next week.

Mr Pink said...

Disney released early sending market lower:

http://www.zerohedge.com/article/disney-releases-earnings-early-misses-stuns-robochurners-sends-market-lower