It look like the head fake was just too irresistible and why not with nice resistance like that formed?
The 5 min is negative on a relative divergence, the two relative points are in the small red squares around price.
Ironically, the IWM which is up the most, looks the worst on this 1 min chart, in a negative leading divergence.
The 5 min doesn't look much better.
Actually maybe the QQQ 1 min looks worse?
And another negative relative divergence on the QQQ 5 min chart
The SPY's 1 min negative divergence continues to build despite higher prices.
As does the 5 min.
We are probably getting lose to a reversal, watch around the intraday support for some volatility.
No comments:
Post a Comment