Monday, July 30, 2012

Market Update Charts

 DIA 1 min small positive intraday divergence

 DIA 5 min leading negative divergence

 IWM 2 min intraday positive divergence

 IWM and the more important 3 min chart in a leading negative divergence

 SPY 1 min leading positive 1 min intraday divergence

The more important SPY 5 min leading negative divergence.

The short term looks to see some upside as the longer term trend seems to be turning uglier, we'll watch for any short term negative divergences on any moves up in price.

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