Wednesday, August 10, 2011

Market Update

It looks like we may have our first positive divergence of the morning, it's young and still early, but it's there.

 SPY 1 min p. divergence.

 VXX 1min negative divergence

VXX 10 min chart, bigger picture is bearish, the early upside action didn't mov 3C at all, non-confirmation.

The DIA is also showing a early positive divergence.

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