Market Update

This is a pretty big update, I'll try to keep comments to a minimum, I through in the occasional trend chart so there's some context to the intraday charts (today). We've seen confirmation in a number of long stocks, earlier today FB was an example so that's what you should see as prices move higher, when there's a lower 3C reading, there's less money flow in to the issue, more out of it, that's the simple idea of it.

 DIA 2 min trend already leading negative, no confirmation at all.

 the same chart intraday close up. Note when the divergence picks up, price stops and is flat, there's no short term buying pressure to move it higher.

 DIA 3 min intraday shows a small acc. area.

 DIA 5 min trend

 DIA 5 min intraday

 DIA 15 min trend, remember the break above the downtrend line was set up before hand with a positive divergence to the left, currently leading negative.

 IWM 1 min trend, green=confirmation, meaning expect that price trend to continue until  divergence interrupts it. This is a bad leading negative trend now.

 IWM 1 min intraday

 IWM 2 min over several days

 IWM 2 min intraday.

 IWM 3 min

 IWM 5 min

 QQQ 1 min, remember the breadth in the NDX today.

 QQQ 1 min intraday

 NASDAQ 1 min intraday mini futures.

 QQQ 3 min intraday

 QQQ 5 min trend

QQQ 5 min intraday

NASDAQ Futures 5 min with an intraday leading divergence

 SPY 1 min trend

 1 min intraday

 2 min intraday


3 min intraday

SPY 5 min intraday