Follow up on the market update/3C lesson

Note how the QQQ really responded to that last positive divergence around the 1:30 p.m. lows in which the divergence was strongest. Also note the flat area of trade and rounding shape intraday in prices, this is a typical accumulation price pattern. This is why I'm always a little nervous of quiet markets, that tends to be when institutional money is up to something, unlike what Technical Analysis teaches, which is primarily...

that this spike in volume is smart money buying, they are not that dumb as to let the world and especially the predatory High Frequency Trading programs (which try t front run large institutional orders, forcing smart money to pay higher prices for shares) know when and where they bought. In fact if we look at that volume spike...

 The volume spike was on a small 1 min churning event, you can tell by the candle with the volume as it has a long upper wick which is higher prices being rejected. I don't think it is material to our analysis other than an intraday curiosity.

There was no negative divergence at that area and price/3C are in line right now, even though 3C is much more bullish than where price currently is. They may run a test of support at Friday's close, a dip below it, whatever it is, it is most probably some manipulation scheme. We'll likely find out soon enough.