Tuesday, February 8, 2011

SPY- a Healthy dose of positive divergences this morning

Surprisingly the positive divergences in the SPY this morning have already reached the 10-min chart on a relative basis, it seems some money came into the market. This may be pre-POMO action, I'm not sure, but as always these early indications have to be taken with a grain of salt.

 SPY 1 min positive divergence at the open

 SPY 5 min -again positive near the open.

The same goes for the 10-minute.

POMO will be wrapped up at 11 a.m., I'll bring you the results.

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