There may be some interesting action developing...
These are all short term charts, but it has to start somewhere and we've seen some stocks fill the gaps already in financials and Tech (specifically BAC/QCOM).
DIA 1 min now leading positive from an earlier relative positive (leading divergences are stronger than relative).
IWM both a relative positive on the open and now a leading positive above most of Friday's 3C highs.
QQQ 1 min a very nice looking leading positive in the Tech heavy NASDAQ 100
The SPY is working on a positive divergence, it looks like it wants to lead.
We'll see if they build from here with shorts surely having entered on the break below the bear flag this morning.
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