Tuesday, January 4, 2011

Market Update

The Fed minutes should be released any minute now. Here's a snapshot of the intraday market.

 QQQQ 1 min. The white is a positive divergence and the red a negative divergence. Either someone is in the know here or we're seeing some hesitation to take prices any higher on this intraday bounce with the Fed minutes due out.

The SPY had no positive divergence, there is a 1 min negative though.

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