Market Update

I like what I see thus far considering where we are in relation to the pennant.

 SPY intraday crosses above the lower pennant resistance line, volume surges.

 SPY 1 min continuing to build a positive divergence, much stronger than the original update.

 That strength is bleeding through to a leading positive on the 2 min and 3 min


 DIA didn't look very special, it's now leading positive.

 IWM 1 min

 IWM 2 min

 IWM 3 min

 QQQ 1 min looks excellent

 QQQ 2 min also excellent

3 min looks excellent, the positive divergences are migrating through the timeframes at an area in which retail traders would be shorting on any move near the lower pennant trend line, it seems to be providing liquidity or cheap shares.