Monday, June 25, 2012

Honestly, I'm not too concerned with today's move down; from the open there was no confirmation in even some of the fastest 3C charts and the positive divergences have been building today, which is what I expected to see on a pullback and that was before the pullback even started before the f_O_M_C when the first pullback signals showed up. Furthermore, the EUR seems to be building and finding underlying support while the $USD is just the opposite, thus I have no problem holding BIDU or USO right now.



 CONTEXT for ES is diverging positively meaning the underlying factors in the model are improving.

ES had a positive divergence on the open, it has stayed positive. Some other quick peaks at the other market averages...

 DIA 2 min improving intraday at a flat-ish area.

 DIA 5 min in good position.


 IWM 3 min improving after already being in good position.

 QQQ 2 min intraday improving.

 SPY 3 min in excellent position

 $USD seeing intraday leading negative, this would confirm what we see above in the averages

 $USD 5 min never confirmed the move up and remain leading negative, again confirming the averages.

 Euro 1 min improving intraday

5 min showing a nice leading positive divergence, again, all confirming what we see in the averages.


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