In one of the last market posts showed you a 1 min positive divergence which led to bounce with in the intraday move down that started. t's hard to say for sure yet as it's still early, but here are the charts as I know a lot of you have day trades.
IWM 1 min
IWM 2 min
QQQ 1 min
QQQ 2 min
SPY 1 min -pretty much in line
SPY 2 min-slight negative.
The ES chart probably has the strongest signal of all of them.
This could produce a reversal, consolidation or a bigger positive divergence, however I view it as a reaction to support that was broken and lingering in the area is pretty common. I don't think the chances are high that it builds a bigger positive divergence.
No comments:
Post a Comment