Market Update

 DIA was negative off the open intrday sending it lower, it saw a small positive divergence around 10:30-10:45 and went negative again at 12:15.

 Looking at the longer picture, 3C has been negative in the DIA sending it lower through last week or otherwise trading in line with the DIA (downtrend confirmation), still, just like yesterday, yesterday's move has seen no upside confirmation as posted last night.

 The IWM has been more in line today (confirmation) with a slight relative positive divergence at 11:45, it remains in line short term.

 However just as yesterday, there has still been no upside confirmation, again suggesting smart money is selling in to strength.

 The QQQ which is in a triangle so watch for a directional move is leading negative intraday.

 And still has not confirmed yesterday or today's move (leading negative trend).

 Intraday the SPY was negative off the open sending it lower and saw a small positive around 11:30, that has since turned negative.

Again, like the other averages, the SPY has not moved up to confirm yesterday or today's price action.

Bernie is speaking at 12:45 p.m., right about now in a the 3rd of a 4 part series of lectures at the George Washington School of Business, the final one to follow March 29.


Here's a link to his speech