Market Update

It looks like we'll see some carry through of this upside trend into tomorrow morning.

DIA 1 min

IWM 1 min

QQQQ 1 min

SPY 1 min

All are in leading divergences of some sort. So I'd expect to se that trend resume in the a.m.

For bears, the good news is the percentage loss today opens the possibility of some more downside tomorrow, but we'll have to see what the price/volume relationships look like tonight. I personally don't like to see extreme moves (unless it's on a real bonafide break). This way we can get some trending action before the market has to correct. 

The good news for me is that several members used the 3C updates today to hit the bottom of the decline and made some money using options on the move back up in the afternoon. Good trades!