Green Arrows! That means we've had pretty much perfect confirmation in the SPY trend thus far today, that's why it's continued to move up. Right now there's the hint of a negative 1 min divergence. It could be an intraday pullback or just a consolidation. The DIA is similar, the Q's have been off all day, they haven't been in confirmation and are relatively negative right now for a probable pullback.
The technology sector (important to the NASDAQ 100) has some decent positive divergences, it just hasn't broken out yet. As far as the XLK goes, a move above $25.26 should kick start the NASDAQ 100. The NASDAQ Composite is performing better.
No comments:
Post a Comment