Thursday, July 5, 2012

It's not just the SPY

As I showed you in the last update what I thought about the near term action in the market today, I used the SPY as an example to get the update out, but here's a look at the other averages.

 SPY breakout from the triangle

 DIA 1 min intraday negative at the breakout above the a.m. range.

 DIA 5 min is now leading negative

 IWM 3 min leading negative

 IWM 5 min leading negative

 QQQ 2 min leading negative-pretty bad too.

QQQ 3 min leading negative, also bad.

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