FOR THE DIA AND QQQQ YES, NOT FOR THE SPY. I THINK WHAT WILL REALLY MATTER IS WHAT THEY LOOK LIKE AFTER A BOUNCE, WE ARE DOWN SO MUCH THERE'S BOUND TO BE AN INTRADAY BOUNCE HERE.
The SPY has positive divergence in both the 1 and 5 min charts. The DIA has a failed positive divergence in the 1 min and a current positive divergence in the 5 min. The QQQQ has a positive divergence in both the 1 and 5 min, but the 1 min is starting to deteriorate.
4 comments:
Is this starting to spill over to the 5 min or is the 1 min starting to get run over? The Euro doesn't seem to want to follow suit.
FOR THE DIA AND QQQQ YES, NOT FOR THE SPY. I THINK WHAT WILL REALLY MATTER IS WHAT THEY LOOK LIKE AFTER A BOUNCE, WE ARE DOWN SO MUCH THERE'S BOUND TO BE AN INTRADAY BOUNCE HERE.
I guess I shouldn't of asked two question in one sentence. Yes to the 5 min positive? or Yes to the 1 min getting run over?
The SPY has positive divergence in both the 1 and 5 min charts. The DIA has a failed positive divergence in the 1 min and a current positive divergence in the 5 min. The QQQQ has a positive divergence in both the 1 and 5 min, but the 1 min is starting to deteriorate.
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