Friday, March 30, 2012

 ES remains negative as it has all night

 SPY 1 min  is in line

 There's still strength in SPY for upside

Thus far the market is doing what it did the last 3 days and gapped up on a dollar gap down and is drifting lower on early dollar strength. IF the recent trend hold, once Europe closes, the dollar loses ground and the market moves higher, it will be interesting to see if it moves higher and in to a negative divergence just as ES did over night.

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