Friday, June 17, 2011

Market Update

 DIA 1 min

 Continued negative divergence in the short term 1 min 3C in the Euro

 QQQ 1 min positive divergence-this one looks the best for a possible quick intraday trade up.

SPY 1 min

All in all, I expect the market to remain choppy today. With pressure still on the Euro I don't see any of these divergences as carrying the averages too far. If you are trading intraday, it's going to be a tough market with the choppiness and the OPEX.

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