Market Update

This is what I mean when I said the gains are accruing, I'll use the IWM as an example as it is the risk-on leader in most rallies, this is also the reason I felt comfortable yesterday with opening call and long positions, every decline is not a bearish event.

 Remember the last 3 days have shown a dramatic increase in 3C momentum, here's the 5 min chart, note where all the divergences fall, right at lows. Also note the recent surge in momentum in 3C.

 These migrate and accrue on the longer timeframes, like institutional accumulation for real, you pick up a chunk of shares at lows, pick up another chunk at lows, so on and so forth until they have put together their intended position size.

The 10 min IWM is not only leading, but far above where the last cycle ended October 17/18th and where the new one began around Oct. 23