Tuesday, June 14, 2011

Indicies Pullback

It looks like the DIA and QQQ are very close to an intraday pullback, I'd imagine the SPY will follow suite.

 DIA 1 min

QQQ 1 min

Both are in serious 1 min negative divergences suggesting an intraday pullback.

There's always the possibility of a false move right before the pullback, th averages would have to make a new intraday high for that to occur, it's just something to keep an eye out for a it marks a great timing indicator.

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