Monday, September 19, 2011

Market Update?

There's a lot of very fast movement so what is seen one minute can change 5 mins. later, so I'm really looking for something solid to develop if there's to be good news from the Troika, thus far, not seeing it.

Also keep in mind, if things go down exactly as I theorized on Saturday, we would also see very fast positive divergences develop.

 DIA 1 min -Friday's negative divergence in red, a slight positive divergence in white, this can change very quickly though.

DIA 5 min hart, shows the top and today so far, a powerful negative leading divergence.

 QQQ 1 min is in line with the price trend

 So is the 5 min

 SPY 1 min shows a slight positive divergence, but again, it needs to develop and hold as things are moving VERY quickly.

The SPY 5 min is just about in line with price.

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