After having triggered a lot of stops breaking through yesterday's lows, there are signs of a 1 min positive divergence coming together in the SPY, DIA, QQQ, IWM and ES. It's early still and by the time I capture it I'm sure it will have changed.
However, the break below what is for the time being, important support, typically causes a volatile shakeout. I would keep an eye out for an intraday upside move.
I need to take a look at some currencies and other leading indicators.
5 years ago
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