Monday, April 4, 2011

The Quiet is Shattered

I just posted on the market's quiet nature at 12:30 saying, "One thing I'm pretty sure of is the quiet won't last for long one way or the other."


And it didn't last long,




 SPY 5 min negative divergence...

15 min negative divergence.


I'm not surprised in that this is what I've been looking for since March ended Q1, I'm not surprised given how 3C has looked. I am a little surprised there wasn't a false upside breakout first. We'll see how this continues. I'm going to check on market breadth.

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