Monday, October 1, 2012

Market Update

This is fascinating, I know Bernie is/was speaking, I'm not sure what he said, but there are some very interesting signals, again developing very quickly, there's still much more to look at, but for now I am showing the 2 min charts that didn't confirm, the 1 min charts next that did confirm this morning and then the longer term 5 min charts that reflect more of the trend and probabilities, very interesting and clear signals.

 DIA 2 min

 DIA 1 min now falling apart.

 DIA 5 min has remained in leading negative position.

 IWM 3 min

 IWM 1 min mostly in line

 IWM 5 min leading negative

 QQQ 2 min non-confirmation this morning and leading negative


 1 min saw confirmation, not sure which way 3C is going here as it is turned down.

 QQQ 5 min  leading negative

 SPY 2 min leading negative with no confirmation this a.m.

 SPY 1 min roughly in line

SPY 5 min  leading negative

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