Monday, March 14, 2011

Market Update

The DIA, QQQ and SPY are all showing 1 and some 5 min positive divergences as price starts to trend either in a bullish wedge or laterally (indicative of accumulation) so I'm betting we still have a very good chance of seeing an intraday bounce here, what happens next will be important on the timeline for the market and its probable breakdown.

DIA

QQQQ

SPY

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