The longer term/bigger picture timeframes remain positive and are adding to the positive stance, however on a short term, it looks like some intraday downside in to the close is probable.
Tuesday, September 6, 2011
Market Update
As I mentioned in the GLD update, a bounce there could have downside for the market, however these are short term signals.
DIA 1 min negative relative divergence
QQQ 1 min negative relative divergence
QQQ 5 min current negative divergence
SPY 1 min negative divergence
SPY 5 min negative divergence.
The longer term/bigger picture timeframes remain positive and are adding to the positive stance, however on a short term, it looks like some intraday downside in to the close is probable.
The longer term/bigger picture timeframes remain positive and are adding to the positive stance, however on a short term, it looks like some intraday downside in to the close is probable.
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