DIA Example

I like what I'm seeing in the DIA, it looks like the SPY is starting to join the DIA's continuing leading negative 15 min divergence, this tends to be one of the clearest signals, but it needs some time to develop.

 Here's the bullish looking triangle in the DIA that broke out earlier today. Th fact we are seeing some bullish looking patterns in averages such as the Dow which have made the most significant moves higher, seems to me like there's a focus on creating a bull trap now that the shorts have been taken care of. The declining volume of the triangle is what traders would look for to confirm the consolidation, but the breakout volume was quite weak. If the DIA and market in general can hold up a bit longer, it will give  much cleaner signal an allow time to round out some of your trades.

 DIA 1 min has been extremely negative, especially yesterday and today, there's a slight positive divergence, although 3C is in a deeply leading negative position. This is encouraging that there's a decent chance for the Dow/market to at least hold it's ground while the 15 min chart keeps moving down.

Since I first pointed this chart out just an hour or so ago, it has moved down even deeper, this is the ideal signal.