Friday, November 11, 2011

Market Update

 This has been the tough spot, the 5 min chart, the DIA is putting in a second lower divergence so I like the looks of this.

 As mentioned in a previous update, the Q's were behind the most so they will work the hardest today and the 5 min is still in line, but the Q's are far from filling the gap.

 The SPY is doing the same as the DIA on the 5 min chart, which is good.

As well as ES.

I mentioned last night this gap may be filled in my daily wrap, it's not a concern at all for me on the short side, especially on such a light volume day with the bond market's closed.

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