Market Update

Interestingly, this is the action I expected to see yesterday. Seeing how world markets reacted to the tragedy in Japan, who would have thought it. Perhaps there's some life to my original theory. There's some QE3 rumors floating, but nothing concrete, nothing out of the Fed or Pimco so I'm not sure that i what is causing this. Whatever it is, so far so good. I'd use the strength to short into (we're talking about the difference between strategic and tactical here). There are some negative divergences taking shape on the 1 min chart, but what I'm more concerned with is how this market closes.