Wednesday, September 21, 2011

EARLY Market Update

I usually don't like updating the market this early because there are a lot of games being played in the morning, but there are a few signals.

Right now the DIA is in line with price, so no DIA charts.


 Here's the IWM 1 min looking like an intraday bounce, it may be from a current leg up in the Euro.

 IWM 5 mins is still solidly negative

 As you know the Q's have already gapped up on the bak of APPL, here's the 5 min chart which is still negative.

 The SPY 1 min chart is showing some faint signs of a possible inrtraday bounce.

The 5 min remains negative.

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