The EOD divergence

As posted in the last market update, there was a positive divergence showing on the 1 min charts, we can now see it was a simple end of day move higher.

From the last market update...

Note how the divergence on the IWM 1 min chart is during a flat area of price action between 1:45 and 3 p.m.

The result...

The IWM makes a new intraday high.

While this shorter term information may not be useful to everyone, I'm very happy to have received several emails from members who have been using the market updates to make quick trades, or to use them to enter/exit trades. The entire reason I first started the model portfolio was to show members how the market updates alone could be successfully traded without an actual trade idea going out.