Market Update 2

You may recall yesterday's afternoon's very fast, dramatic improvement in 3C, especially in the IWM and QQQ as they literally jumped in to a leading positive divergence as I was watching. Thus far today that improvement looks pretty stable, every average is at least in line or better (leading positive) on the intraday timeframes, which fits nicely with the improvement seen yesterday in the Euro (Euro strength is a market positive/dollar weakness).

Here's today's update thus far...

 DIA 1 min's improvement yesterday to the left, thus far today 3C is inline/confirming the move up.

 DIA 2 min with yesterday's improvement and more confirmation of the move up today

 The DIA 3 min chart is actually leading positive

 The DIA 5 min chart is at worst in line and confirming, at best there's a slight leading positive divergence currently.

 The IWM 5 min is where I first saw the improvement, it was fast and dramatic, here it can be seen on the intraday 1 min chart with confirmation of the trend thus far.

 The IWM 2 min is in leading positive position

 And the IWM 5 min that started it all (at least that is what I was watching when it happened), is also in a leading positive divergence.

 QQQ 1 min with yesterday's improvement and confirmation on the move today.

 QQQ 3 min showing the same

 Again, it was the 5 min charts that were really impressive, it was as if the divergence skipped over the shorter timeframes right to the 5 min, which would suggest a very strong, sudden move. This chart is in leading positive position

 SPY 1 min with yesterday's improvement and a current confirmation signal.

 SPY 2 min also in confirmation of the move up thus far.

 SPY 3 min also in confirmation

And the 5 min chart, leading positive.

Yesterday things were quiet, I mentioned the quiet periods are usually when underlying professional activity occurs, then we saw that jump in the charts, so far so good.