Market Update

I'll now be looking at leveraged longs as well as some other assets such as individual stocks, options perhaps and looking for the outstanding signals that can't be passed by if I am to add to the long position beyond what I had already planned for in a balanced portfolio. The point being, the head fake move and divergences to confirm the same, have come along nicely, I don't want to wait until it no longer makes sense to enter these positions on a risk basis.

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.