Market Update

We still are using the shorter charts and shorter trades because we are still in a choppy environment and trying to hold trades for more then a few days right here and now is portfolio suicide.

 This is this morning's action so far with the positive divergence on the open sending prices higher, a negative divergence once the gap was filled sending prices lower and now we have broken below the daily bear flag's support and are seeing a small positive divergence, which we often see some sort of volatility as we cross important support/resistance areas.

Here's the SPY daily chart and bear flag I showed you last night, I mentioned the likelihood of a head fake break below the flag's support such as we have already sen today thus far.