Market Update Charts

Not much has changed since the market update two posts ago, but here are the charts promised, you probably don't need much of an explanation. 

 DIA 1 min with yesterday's late day positive divergence , not much added to the 1 min.

 DIA 2 min -For those of you using 3C, this is a classic example of a chart that is giving you no edge whatsoever,  don't try to twist a signal out of a chart like this, if it doesn't jump off the chart, it's not a high probability signal. What this tells us is the DIA is just treading water.

DIA 3 min

 And as I said, 5 min there's a lot of damage here. This is a clear 3C signal, put the charts together, you get something like, "Maybe the DIA drafts the NASDAQ via correlation alone, relative performance will probably be weak and this will likely be one of the first to fail at the end of the move".

 DIA 60 min speaks for itself.

 QQQ 2 min with yesterday's late day positive divergence and adding to it today.

 QQQ 3 min with a relative positive to a leading positive divergence, still it doesn't look like much more than a counter-trend bounce even on this timeframe.

 at 5 min on the QQQ, not much different than the DIA.

 SPY 1 min's last signal was late yesterday with a positive, it's treading water so far today.

 The same with the 2 min although today it looks a bit worse than the 1 min.

 Same story at 3 min

 And weakness at 5 min

After that at 10 min even more weakness and so on.