Monday, March 26, 2012

Market Update

While I was putting together the last few posts here's what has changed in the market, although it's intraday.

 DIA intraday, still in a leading negative position (3C at prices would be confirmation) hasn't seen so much a positive divergence as confirmation intraday as 3C moves with prices.

 The only positive divergence intraday is on the ES 1 min chart, but even this still remain within a larger leading negative position as 3C would have to be well above the highs of premarket to even start to confirm.

 IWM intraday, this may be considered a small positive divergence, but most of the action is just 3C moving with price still in a leading negative position.

The same is true of the SPY.

I think part of the catalyst is FX based, I'll be looking in to that now and posting it.

No comments: