Monday, September 17, 2012

Market Update

I suspect the market is about to shake up this course we've been on since Friday's open with an upside pop, however the information thus far collected since Friday shows a larger probability building of a decent pullback (one bridge at a time as to what that will mean).

 IWM 1 min intraday chart.

 IWM 10 min, very similar to the 5 min.

 QQQ 1 min positive from Friday, but continuing today.

 QQQ 2 min with a much smaller positive divergence within a larger leading negative position.

 QQQ 10 min leading negative also.

 SPY 1 min positiv divergence from Friday and continuing today, we should see some upside from here at least intraday.

 While there's not much in the way of positive signals that have migrated to the 2 min chart

And the SPY 10 min...

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