Friday, June 3, 2011

Market Update

 DIA 1

 QQQ 1


 SPY 1

SPY 5

The 1 min chart are all negatively divergent, the 5 min charts look like the SPY''s for the most part, so this could be an intraday consolidation, but the DIA divergence is particularly nasty. If I was trading this move up on a day trade, I'd probably take profits and wait for some clarification.

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