I'm still sticking to the original plan. Here are the charts of interest
DIA 1 min continues to add to the 1 min positive leading divergence suggesting an intraday bounce
IWM is in a positive divergence and if you look at these charts, you'll see the 1 min 3C chart has called just about every move up and down intraday today.
QQQ 1 min current leading positive divergence
SPY continues to develop a positive divergence
TICK has broken the downtrend and remains in a positive divergence
VXX-Volatility which trades inversely to the market is showing signs of a negative divergence, meaning it is showing signs of some short term market strength intraday
These are the inverse ETFS or shorts. This is SRTY UltraPro Short Russell 2k with a couple of negative divergences
SQQQ UltraPro Short QQQ With a current negative divergence suggesting a pullback, which is what I want to see to add to the position.
SDOW UltraPro Short Dow-30 in a negative divergence
SPXU UltraPro Short the S&P-500 in a 1 min negative divergence
EPV UltraShort MCSI Europe with two negative divergences-all of these are short term 1 min charts.
FAZ Financial Bear 3x with a negative divergence
TZA Small Cap Bear 3x With a bad leading negative divergence.
Everything here seems to indicate a short term bounce.
No comments:
Post a Comment