The SPY/DIA are both showing small 1 min negative divergences while the QQQ is trading in line with price. I'd say we're going to see an intaday pullback.
Monday, June 20, 2011
Pullback soon
Looking at financials, it seems we will see a small intraday pullback across the market.
FAS Financial Bull-1 min negative divergence
FAZ Financial Bear 1 min positive divergence.
The SPY/DIA are both showing small 1 min negative divergences while the QQQ is trading in line with price. I'd say we're going to see an intaday pullback.
The SPY/DIA are both showing small 1 min negative divergences while the QQQ is trading in line with price. I'd say we're going to see an intaday pullback.
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