Wednesday, September 7, 2011

VERY Early Market Update

 DIA 1 min -early confirmation, some signs of distribution.

 The IWM DID not confirm the gap up

 The QQQ had early confirmation, but is showing a bit of a 1 min negative divergence now.

The SPY is still in short term confirmation.

I'm leaning toward adding to some of my shorts cautiously with a tight stop, although these negative divergences are pretty new as it is still early.

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