It's still very early, but here's yesterday's forward looking market comments about The Distribution Cycle and further comments on Price volume Relationships yesterday
So what we see thus far seems to fit very well with distribution having taken place, possibly still taking place and this is where I'm looking to get a little more aggressive on shorts, not a lot more aggressive, but making sure I have some positions I like at least started.
Below is the DIA, IWM, QQQQ and SPY 1 and 5 min 3C charts, all in negative or leading negative divergences.
DIA 5 min
IWM 1 min
IWM 5 min
QQQQ 1 min
QQQQ 5 min
SPY 1 min
SPY 5 min
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