Market Update

So far the QQQ is the closet thing to any kind of divergence and on the 1 min chart only thus far...

So far a 1 min positive divergence on the QQQ only, early trade has done what it needed to do and knocked out weeks worth of longs (12 days in the QQQ) and this is why I kept saying, this is a dangerous market to be long. Still, the market has trouble holding big early losses and the HFTs need intraday volatility, but I believe we are getting closer and closer to the day that the market's early losses don't come back. Today may be it, but I think we get some sort of bounce. We'll see if the other averages follow suit in 3C.