Quick Market Update

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.