So far so good, the 1 min charts are all confirming or better, but have a slight negative as all of the averages except the QQQ reach resistance from yesterday's highs.
DIA with a massive opening positive divergence, just reaching a resistance area, may consolidate a bit here.
The 2 min chart looks as if this bounce was planned to start today
3 min is leading positive today alone
QQQ 1 min in complete confirmation, with a little possible pullback with the market or consolidation.
QQQ 2 min with yesterday's leading positive divergence, a strong opening positive divergence and totally in line, no hint of any negative divergence
QQQ 3 min with several strong positive divergences, this is just looking all too consistent and given the JPM findings or highest probabilities, it seems likely a short squeeze move would have had to wait for the JPM news, which as you saw last night looked as if Smart money discounted it a month ago,
SPY in a VERY parabolic move, this "looks" like an early short squeeze, if so, it hasn't even really started yet. Look at the rise in volume, that looks like short covering.
SPY 1 min looks the same as the other charts with a decent opening positive divergence
The 2 min looks the same, a strong relative positive divergence. The gap down open would have sucked in more shorts.
3 min is in total confirmation.
Interesting how Wall Street works huh?
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