Thursday, October 18, 2012

Market Update

I'm still holding the pullback positions entered earlier today, it's still early in the day and this looks like a head fake move as the Q's try to fill the gap.

 DIA on the move intraday


 ES which has been so strong lately is not confirming either.

 The Q's are in line as they try to fill the gap they missed earlier today.

 The SPY just breaking above resistance on a price spike.

 However that move on even a 1 min chart isn't confirmed.

And the 3 min speaks for itself.

I'll keep an eye on this of course, but this is part of intraday trade and the probabilities are still with those 10 min negative divergences.

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