SPY Update

In the last SPY post I showed you a positive divergence forming and said it was likely to test the low of the morning, if the positive divergence continued to build through that test, we'd have the basis for a pretty decent intraday move up, that's exactly what has happened.

The first divergence somewhere around 10:15 and the test of the lows in the red box. Note 3C moving higher into a leading positive divergence while we have a small intraday base formed.