Market Update

So far things are moving in the direction we anticipated, the divergences are building even though we were threw a few curve balls like yesterday's ramp taking us out of a range and in to an area where we wouldn't be able to build positive divergences before a move higher and then today with the price drop, but as I proved to you recently and many long term members have seen over and over, not every decline in price is bearish, 3C often is the only tool that can tell us whether the decline is bearish or healthy/productive.

Very short term there are some indications of an intraday pullback so that may be of some use tactically in entries, etc.

Here's the update, after this I'm checking leading indicators.

After seeing intraday signals for a negative divergence or pullback as mentioned above, I checked ES as well and it confirms.

A mall relative negative ES divergence within a much larger leading positive divergence, as mentioned above, this is something I'd view as a tactical advantage, being able to enter positions at a better price than these levels with less risk.

DIA

 1 min leading positive.

 The same chart zoomed in to intraday shows the intraday negative divergence I mentioned.


 DIA 5 min leading positive, no sign of any intraday negative divergence whatsoever so as of the signal now, it's simply intraday and not much stronger than that.

 10 min leading positive to new highs above last week's top and 3C readings. As mentioned, I do expect that we will see a bigger shakeout move to the upside so this larger positive divergence makes sense.

QQQ

 1 min leading positive and most of that is today

 same chart zoomed in to intraday shows the positives and the intraday negatives.

 2 min leading positive, again the most progress in 3C is on today's move lower. This appears to be where smart money is adding to their positions and this is where I want to add as I have.

 3 min leading positive, again, much of the leading from today.

 10 min leading positive with a new leg higher in 3C today alone.

 QQQ 15 min leading positive divergence so the divergences is migrating, even on a day like today.

 QQQ 30 min leading positive divergence forming, this is quite a feat.

 SPY 1 min was working well as an intraday trade signal indicator, now it is leading positive, some from yesterday, but most from today.

 2 min negative from last week as was clear and a leading positive now.

 5 min leading positive, also much of that leading, at least to new highs, from today.

10 min leading positive.