Tuesday, June 21, 2011

Market Update

The 1 min negative divergences persist in the DIA, SPY, QQQ and IWM as well as FAS.

The TICK chart is starting to show some changes that may lead to the intraday volatility or pullback/consolidation that the 1 min 3C charts have been suggesting.


You can see the trend in TICK just recently saw it's first downside break. However as to the broader market strength, it should be noted how positive TICK has been today in the +1250 region quite often.

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