Thursday, November 15, 2012

Major Market Update

The signals today look amazingly good, they are rising in huge leading positive divergences as price either falls or is in a range.

I'm going to show the Q's and then try to give you an idea on different charts without putting 100 charts up, also some interesting developments in AAPL.

 QQQ 3 min is now in  a huge leading positive divergence, but pay attention to where it is leading positive and what price was doing, this is the essence of a divergence, contradicting price.

 The 5 min chart again with a huge relative positive and leading positive and look how much was today alone, it seems like a dull day, but underlying trade looks very busy.

 On an intraday basis, I was surprised to see this 15 min chart leading positive today as it is.

 And here it is in scale from the start of the cycle. This suggests a VERY strong move to the upside, not anything like what the financial press might say.

 On an intraday basis, the 2 min has slowed to a consolidation on this chart, but now it is back leading positive and price followed it higher as an intraday timeframe should.


 DIA 3 min today

 3 min DIA trend, so a lot of these charts are even more positive than you might realize.

 DIA 1 min intraday.


 IWM 10 min leading at a new high, this is the entire cycle timeframe.

 IWM intraday 2 min today, leading positive on a big way like all the others.

 SPY 3 min leading positive through today, these price formations like this that seem dull/boring are where we often see the biggest moves in underlying trade.

 SPY 1 min

 ES at a new leading positive high


NASDAQ Futures doing the same

 As for AAPL, here's that 3 min chart I wanted to see break above the local highs, it's pretty awesome right now, the white boxes being the areas I believe we have the heaviest accumulation.


The AAPL 30 min chart is now really moving, it may hit that new high today, this is a long timeframe and represents large underlying movement.


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