Thursday, May 10, 2012

Charts...

 The DIA 1 min was the first to go positive since the break below the triangle in the Euro
 This is the backed out DIA 1 min trend, it's added quite a bit since late yesterday afternoon.

 The DIA 2 min has been leading as the Euro/Triangle Apex has been reached, remember the DIA has looked the worst the last few days, I think it has the most catching up to do.

 The DIA 2 min bled to the 3 min as well

 IWM 1 min trend has also added quite a bit on the upside leading in the last day and a half.

 The 3 min trend has less noise and is clearer, it also added to the leading position today.

 The QQQ 1 min is in leading position, but pretty quiet intraday.

 QQQ 3 min added quite a bit to the leading positive today.

 SPY 1 min is almost in perfect confirmation of price.

 The 2 min is not as impressive as the DIA was toward the EOD, but it ticked up.

 The 3 min trend added quite a bit to the leading position (all of the white box is today)

And the 5 min trend keeps moving to higher lows.

This is the most recent capture about 4:0, ES firt responded with a tick up in 3C about the same time as the DIA, as price hit an intraday low, 3C made a higher low and ES has moved up off that divergence.

The Euro is hanging right where it was last, it hasn't moved lower, hasn't moved higher yet. Right now, the Euro is the chart to watch. I'd like to see it pop over $1.30 tonight and gap the market tomorrow a.m., I think that would be the most effective.

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