Monday, February 7, 2011

Chart Request for the SPY/IWM

 IWM 1

 IWM 5

 IWM 10

 SPY 1

 SPY 5

SPY 10

Both charts look very similar, the 1 minute is showing a negative divergence indicating we should see a pullback from the morning highs. There are slight signs on the 5 min chart point to negative divergences that are rolling in from the 1 min chart as these are quite strong in leading formation. For now, the 10 min continue to confirm the trend. It's early in the day, I haven't checked POMO results yet, but I will and get back to you as the submitted:accepted ratio seems to be very high on the predictors of later afternoon activity.

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