Wednesday, March 7, 2012

Quick EOD Update

 DIA 2 min got worse as the day wore on...

 The 5 min is negative

 QQQ 2 min is leading negative

 As is the 5 min

 SPY also worsened as the day went on

Which migrated to the 5 min chart.

All of the averages still have a gap open, the market for the last year has filled nearly every gap, failure to do so would create a breakaway gap and in the averages this would be very rare and very bearish.

AAPL seemed to disappoint today closing up  a mere .07%.

ES put in a negative divergence at 3:45 and has lost over 2 points since then. I'll be interested to see what ES does overnight just as last night. I'm going to update the systems and see what else is out there.

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