Market Update

It appears we will get the F_O_M_C_ knee jerk volatility, however a surprise would be interesting, I just think that Wall Street already knows what's in the minutes.

Take a look at the short term and also take a look at why these look to be VERY probable head fake moves that lead to a reversal.

 The SPY, this is WAY TOO OBVIOUS, in fact, this may be there to create a little short squeeze.

We are starting to see a little move here.

 DIA 1 min intraday positive divergence here.

 DIA 3 min positive divergence here, this should have enough kick to get a counter trend move going, that's what I want to short in to if I have any room left.

 DIA 5 min, the divergence is there, but this puts it in perspective a bit.


 The 15 min chart's trend, not good, that's the other side of the coin and why I'd short in to price strength.

 QQQ 2 min positive intraday divergence, this is exactly along the lines of my "Gut Feeling" post yesterday.

 QQQ 2 min trend, note the breakout area and what happens to the trend there.


 QQQ 5 min, again, the resistance area and what happens in to higher prices above resistance, this should be clear, it's a pattern that repeats in multiple timeframes on multiple averages and stocks.

 QQQ 15 min above 2 resistance areas, the first as seen above and the most recent, new 3C lows on that breakout.


 SPY 2 min positive divergence intraday

 5 min positive divergence intraday-good for a bounce here.

Hourly, green is in line or trend confirmation, red distribution and white is accumulation, the main point here is the SPX is at a new high, compare where 3C is now compared to the previous high.

Use the concepts to your advantage, it's not easy to short in to strength, but it gives you the best entry with lower risk.