Market Update

Here's both the short term charts for the averages and the longer term which essentially are about the size needed for the shakeout move we are looking for to complete this transition.

 DIA 1 min is still in line

 DIA 15 min has a longer relative positive divergence from the 10th/11th and a leading positive through this week with another move higher today

 IWM 1 min intraday negative which could also cause a consolidation.

 IWM 30 min leading positive.

 QQQ 1 min negative

 QQQ 30 min relative and leading positive this week

 SPY 1 min negative intraday

 It hasn't reached the 2 min chart so it looks like it's just an intraday signal.

 SPY 15 min leading positive, the 30 min is positive as well.