Looking for 1 more intraday move up.

Yesterday the SPY/DIA didn't show any positive divergences, the IWM and Q's did. Right now, that same dynamic is happening less the Q's.

I think this positive divergence will likely take the market up intraday for at least one more leg. We'll have to wait a bit to see if we can expect more upside tomorrow.

Today the Tick Index is not nearly as bad as yesterday, but yesterday the extent of the negative action there pointed to today seeing an oversold bounce. Typically these bounces will be pretty impressive as to shake out shorts, it remains to be seen if we will see that or not.