Market Update

It's one of those "Watching grass grow" days again, which as I always say, are the days that make me nervous as it is easy to let your guard down.

As for the 5 min positive divergences on the DIA, QQQ and IWM yesterday, they remain today, the SPY isn't showing much and the divergences are stuck on the 5 min chart, they haven't migrated to the 10 or 15 min charts, suggesting to me that the market is just kind of being held in limbo right now. With OP-EX on Friday, perhaps that's part of the plan for now.

 DIA 5 min over the last 2 days has been positive, but hasn't made any progress toward the 10 or 15 min charts, which is a little strange. The strength isn't overly impressive either though, it's not in a big leading positive divergence, just seemingly enough to support the market and perhaps putting some shares into inventory.

 The IWM looks decent, but no hints on the 10 min chart either.

And here are the Q's 5 min. OP-EX s still 3 days off and who knows what the plan may be. Perhaps keeping the market at these levels will encourage more puts to be bought and perhaps those puts are pinned Thursday or Friday? I just am not sure what to make of this, except it seems to enough for the time to keep the market from diving off a cliff.