Monday, June 13, 2011

Dull, to Movement and back into a Lull

I've been watching the market the last hour trying to get a feel for what the EOD trade would look like, there haven't been many signals at all, much like this morning.

DIA 1 min, a very slight positive divergence, I wouldn't otherwise point it out.


 The DIA 15 min chart looks positive and the positive divergence Friday makes sense with the Price Volume relationships from Friday

 IWM-I'd barely call this a divergence, but this is what we're looking at. The pattern in the trendlines is a bullish bull flag-type pattern.

 IWM 10 min is positive again with the P/V relation on Friday.

 QQQ 1 min shows nothing but in line, the 10 min is positive, again with Friday's P/V.

 And the SPY 1 min, again a divergence hardly worth pointing out.

However the 60 min chart is.

Looks pretty dull.

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