Today's quite tells me the market has been up to something and you can see that particularly today in the short term positive, when the market is quiet don't expect it to last, it's almost always up to something.
Interestingly, the SPY 60 min.
Tuesday, September 18, 2012
Market Update
As far as I can tell, the major averages haven't changed much or at least haven't moved away from my opinion of the most likely outcome both short term and longer term. The best way I can sum this up is the shorter term charts' divergences are more like the waves cresting and troughing while the longer term chart's divergences are more like the tide going in or out.
Today's quite tells me the market has been up to something and you can see that particularly today in the short term positive, when the market is quiet don't expect it to last, it's almost always up to something.
DIA 10 min positive from yesterday and continued through today.
On the longer end of the DIA, the 30 min from in line to leading negative.
QQQ 2 min leading negative, but specific positive divergences today in the flat range, very common.
15 min leading negative, but shows a hint of the positive divergence.
SPY 5 min leading negative, but again specifically today the positive divergences have been at work in the flat area.
SPY 15 min
Interestingly, the SPY 60 min.
Today's quite tells me the market has been up to something and you can see that particularly today in the short term positive, when the market is quiet don't expect it to last, it's almost always up to something.
Interestingly, the SPY 60 min.
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