Early Indications

It's no secret that the Dow/DIA has had the worst underlying trade all week, there have been days this week where not a single definitive positive divergence could be found, it's having a change in character.

The DIA's support from yesterday was the same as the close, the run below that this morning on the 1 min chart produced a leading positive divergence which for the DIA this week is different. However more importantly...

The DIA 10 min chart is showing migration of small divergences that have accrued on the 10 min chart, it's leading positive at today's open and has made its first higher high since it went negative last week.

The SPY 1 min positive divergence looks right for that range yesterday, that's where we most often see divergences, in flat ranges, but it is also leading positive on the open as the red trendlines represent the close and lower support from yesterday.