Market Update

Lets start here..

 DIA 15 min has a relative positive divergence and note we are near the bottom of the range, this suggests to me that the market will move higher, either later today or tomorrow and likely be in the range of the Op-Ex pin we've been looking at. This isn't a strong signal as the 30-60 min charts are still very ugly.

 DIA 1 min, here's the negative divergence right off the open around 10:15-10:30, since then the 1 min has been in confirmation with the price trend (green arrow).

The IWM looks to be one of the weakest, and is only showing a 1 min positive divergence. I suspect there will be a lateral trading range and a few more 1 min positives put n before it can move north.

 QQQ 5 min-this is another weak one, with a positive divergence only as long as the 5 min hart, but still enough to suggest some upside in to Op-ex Friday.

 The Q's 1 min confirm this finding.

 SPY 15 min positive divergences, this is one of the stronger ones at a 15 min positive.

The 5 min is also showing a relative positive divergence, again I suspect probably some choppiness into a lateral zone before it could move higher.

Remember, I'm not expecting much more then $132.50 for a close on Friday n order to pin the Calls and Puts.