Wednesday, May 9, 2012

Example of the newly formed leading positive moves

Keeping in mind, this is still the whacky early morning trade, here are updated charts since the lat captures illustrating the leading positives that have developed. It is still very early, remember yesterday I warned it was very early and the market has exhibited a trend of not holding large morning losses and the market moved up yesterday from the a.m. lows, so that's been the trend, it will change at some point, but as of yesterday it was still holding.

Remember to compare where 3C is now vs earlier relative levels and where 3C was then earlier this morning.

 DIA 1 min

 IWM 1 min

 QQQ 1 min

SPY 1 min

Also keep in mind these are only 1 min divergences so far, we need to see if they bleed in to longer, more important timeframes

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