Monday, July 11, 2011

Market Update

The 5 min charts continue to be constructive even with the market falling. There are now some 1 min positive divergences suggesting we may about to see the start of a move up.
 DIA 5 min positive

 IWM 5 min positive

 IWM 1 min just going positive.

 QQQ 5 min positive.

 QQQ 1 min leading positive divergence.

SPY 1 min positive divergence

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