Thursday, January 5, 2012

Market Update

As the Euro continues trading below $1.28 the DIA and DIA only shows a short term intraday positive divergence suggesting it will try to fill the gap and likely take the rest of the market with it. There are no similar positive divergences in the SPY, QQQ or IWM, although ES is in line, something most other averages haven't even managed.


DIA 1 minute positive divergence and the gap area.

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