While there are interesting positive divergences beyond the intraday in the market averages, the most interesting may be the currencies, EUR/USD.
DIA 1 min intraday picking back up-this is what I meant with AMZN.
IWM 1 min positive in the afternoon
QQQ 1 min leading positive
SPY 1 min going positive
The Euro/FXE 2 min trend that has been very positive, we can see intraday it is leading positive now.
A closer look at the same chart on an intraday basis.
The $USD/UUP showing a 2 min leading negative divergence, this is supportive of the stock market.
$USD seeing late day distribution on the short 2 min timeframe, this should and is starting a EUR/USD reversal to the upside.
It may be interesting to see what the market can do on the upside with currency cooperation as it accomplished a lot today without it, but as mentioned, this is Wall Street running a cycle and they won't even let currencies get in the way of their plans, luckily we can get a glimpse of what they are up to ahead of time and plan for it.
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