Friday, October 14, 2011

Market Update

 DIA 1 min longer term view with a leading negative divergence on the day

 DIA 1 min close up, the DIA 1 min never really showed the accumulation the other averages saw, it just floated with then, there was an afternoon brief period of accumulation, but on the day, there's a steep relative negative divergences as price is in the same area as the open. This is why I said earlier, I would consider phasing in, getting my toes wet, but leave room for any additional upside to short in to higher prices.

 DIA 2 min shows accumulation but 3C is dropping in to rising prices, which is what we want to see when shorting higher prices.

 QQQ 1 min long term view

 QQQ 1 min short term view, accumulation and trading in line with price.

 QQQ 2 min is seeing negative divergences in to higher prices.

 The 15 min was able to use today's price strength to add to the size of the negative divergence, although zoomed out, it has been in a leading negative position.

 SPY 1 min accumulation areas.

 SPY 2 min like the others, showing negative divergences in to higher prices, again what we want to see when shorting in to higher prices
.
 SPY 5 min showing the same

 And today's gap up also provided the SPY an chance to put in a deeper 15 min negative divergence, which was missing in the SPY.


ES made that new low and then went lateral for a bit, as prices have moved up, 3C has started lower again

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