DIA 1 min negative relative divergence
QQQ 1 min negative relative divergence
QQQ 5 min, the same as above
SPY 1 min negative relative divergence
SPY 5 min negative relative divergence
As I showed earlier, the SPY was likely to head to the lower Bollinger Band which moved up quite quickly.
The 60 min Trend Channel still has not been reached.
Ultimately I feel the behavior today is pretty bullish, in the short run, it appears there's still a chance for more retracement. The internals at the end of the day will tell us a lot more, but for now, I would consider some more intraday downside before the close.
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