Thursday, August 2, 2012

And Another Example

This is looking more and more like a plan....

The SPY...
 SPY 2 min intraday positive divergence... This suggests strongly that intraday we will see an upside move, but this is not a long enough timeframe to show what big money is doing.

 SPY 5 min is a longer timeframe that starts to show what smart money is doing, it seems they may not have had a real idea of what Draghi would do, so they can use the volatility intraday to adjust their positions based on the Draghi news which is clearly a market negative. Look how the 5 min chart has added to the leading negative divergence today, no matter what the 2 min chart looks like, this 5 min chart is much more important.

And the 15 min chart is even more important, look at the leading negative added today alone.

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