I know that last post may sound a bit confusing with my references to the SPY, here's a clearer picture of what I'm talking about.
The last 30 minutes of the day tend to be the most important and tend to be where smart money is most active.
Here's where the 1st 1 min positive divergence was and then a break below that, take a look at 3C.
The first positive divergence looked to break, but accumulation is in to lower prices. The second positive divergence is now stronger than the first, but taken together...
They are bleeding through to the 2 min chart and giving a strong signal here, leading positive, although an intraday signal at this point, it is still strong.
The SPY breaking below the first 1 min positive
And the SPY has put in a second positive at the break below the level of the first.
Again, this is moving to the 2 min chart.
I would suspect if this is intraday only, then we should see a move higher in to the close, the more positive the divergence, the stronger the move.
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