Market Update

Sorry for the delay, it took some time for StockFinder to update intraday data.

In any case, you may recall there were signs of a pullback in 3C before the F_O_M_C meeting, we've seen that pullback develop since. What I am looking for in a pullback is 3C to give positive divergences, suggesting it is a pullback and not something more bearish. Today thus far I see improvement as we are now seeing 15 min divergences develop more clearly.

 The overall DIA 1 min trend in leading positive position.

 The 1 min on the open today saw an intraday negative divergence and around 11 a.m. an intraday positive divergence.

 The overall trend of the 2 min-I want to see the positive divergences migrate through the longer timeframes as we see here.

 The DIA 5 min in leading positive position.

 The 15 min with a pullback signal and a leading positive divergence as we chop around in this flat trading range.

 QQQ 2 min looks great, leading positive in the trend

 That has migrated to the 5 min chart which also looks great.

 And the 15 min chart in leading positive position.

 SPY 1 min overall trend in leading positive position

 A closer view of the 2 min chart adding to yesterday's positive divergence

 The 3 min chart adding to the positive divergence in a leading positive position.

 The 5 min in leading positive position.

And the 15 min chart is finally seeing the migration as it is now leading positive.

We are close to an area in which I will be looking for an end to the pullback as well as opportunities to take advantage of the pullback.