Tuesday, December 13, 2011

Market Update

The short term 3C charts are breaking down pretty badly as the DIA and SPY remain slightly green, the QQQ are in the red and the IWM is sitting just about at unchanged on the day.

 DIA 1 min is leading negative

 The 5 min is surprisingly weak as well.

 IWM 1 min leading negative

 QQQ 1 min leading negative.

SPY 1 min leading negative.

Since we can look at 3C on ES overnight it appears that the Merkel announcement was known here as well in the FXE/Euro.


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