Charts that count

I don't know if you saw my ES post last night in multiple timeframes, but I thought it was interesting.

Here are 2 charts from the major averages, 1 long and 1 intraday/short.

As I said last night, trading is about a lot of things: risk management, seeing what the crowd missed, patience, but it's really a lot about probabilities and putting the probabilities on your side. We can't control what the ECB does or what the F_E_D does, we can only react to what they do and exercise good risk management and decision making, but when it comes down to it, we have to make decisions with the best information we have at the time. With these charts looking the way they do, there was no way I couldn't finish adding to those positions. Or in other words, when there are divergences like this, I can't ignore them.

 DIA 15 min in the worst leading negative divergence on the chart.

 DIA 5 min, compare Thursday's accumulation to the last 3 days of negative divergence -leading negative.

 QQQ 30 min in the worst leading negative divergence since at least May.

 The 2 min intraday chart leading to new lows.

 SPY 60 min leading negative divergence, again the worst on the chart.

2 min leading negative at new lows