Wednesday, April 4, 2012

Market Update

 DIA 1 min with a recent positive divergence

 2 min in line

 5 min with a recent positive divergence. As I mentioned earlier, the market rarely holds losses like this this early in the day, the HFTs need to make money by creating movement.

 DIA 15 min has been leading negative, it is posting a new leading low today

 QQQ 1 min mostly in line

 The 5 min shows the same positive divergence as the Dow.

 Longer term trend, the Q's are very leading negative

 SPY 1 min in line

 The 2 min mostly in line, but it should move with the market.

 Longer term 15 min leading at a new negative low

Here's the intraday divergence in ES, one guess what its target may be?

After 3 pm it could get interesting, margin calls will roll out around that time.

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