Here's how the averages have been shaping up, many are even more positive than they look because I am not able to scale the chart correctly due to the size of the leading positive divergence.
DIA 1 min, with a leading positive divergence
2 min leading positive divergence so there's migration.
3 min divergence is leading positive so again more migration through the timeframes and AFTER the head fake move started.
DIA 5 min leading positive at the head fake lows of the day thus far.
10 min in line
ES remains leading positive
IWM 1 min leading positive at the exact right place
IWM 2 min so we have migration as well as a strong leading positive divergence.
IWM 3 min leading positive to a new local high.
NASDAQ mini futures (NQ) with a positive divergence then a leading positive at the right place.
This is an example of a chart I can't scale correctly as the 3C blue line should be higher and equal to opening price which would lift the entire divergence even higher, in any case, a new leading positive local high and again at the right place.
2 min has a large relative positive and a leading positive intraday today
3 min QQQ also at a new leading positive local high and at the right place.
QQQ 5 min leading positive at the right place.
SPY 1 min leading positive well above the open.
SPY 2 min leading positive is even stronger.
There's migration as the 3 min is leading positive as well and in the right place.
We'll see what other volatility the market has in store, but as I was trying to explain early in the week, we need to look at the big picture which is a range developing and not intraday or day to day volatility, the range formed and the same concept I was trying to prepare you for early in the week continues to be true.
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