Tuesday, December 13, 2011

Market Update

Yesterday I mentioned that the market seemingly had a bearish change of character and that it may try to fill the gap from yesterday and I would consider using any price strength to short in to. I can't say the charts below are much of a surprise.

 DIA 1 min leading negative

 DIA 5 min almost closed the gap, no confirmation on the chart.

 QQQ 1 min leading negative.

 QQQ negative 5 min divergence and closed the gap.

 SPY 1 min turning negative

2 min is leading negative, didn't quite close the gap.

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