Friday, January 13, 2012

Market Update

It looks like an intraday leg up is set up.

 Since the last update that showed this red negative divergence, the market has dropped, but now we have a 1 min positive divergence suggesting at least a consolidation if not an intraday leg higher.

 The same is seen in the QQQ

As well as the SPY.

The R2k is giving no such signal as of now.

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