Tuesday, February 28, 2012

SPY Update

I want to show you the opening trade as well as the current, but especially the opening vs yesterday's

 Here is today's 1 min positive divergence around 9:45, you can see it is starting to lead negative a bit, but thus far on the 1 min chart only intraday. Now compare to yesterday's below...

There was a negative 1 min divergence on the 24th that sent the market lower and the 27th we had what really wasn't a very big positive divergence that sent the market higher intraday (keep in mind this is pretty much intraday moves on the 1 min), but look how much smaller today's is then yesterdays. The leading negative component is more visible on this chart. I'm going to check the other averages.

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