Market Update

I'm about to set off on my 100 charts in 30 minute marathon looking for that one clue that stands out. Today has been an enormous pain in the neck due to 2 things, 1)Scaling of the charts so they make sense to you has been very difficult and 2) the signals today have been really difficult, I am almost sure that the signals are difficult because algos are dominating the market to make minute adjustments in microseconds, one-one millionth of a second or if a microsecond was a day, 11.5 years.

In any case, I think signals have been exceptionally difficult because of algos trying to maintain price for Options Expiration.

This is why after tis update I'm going to look any and every where else as fast as I can- a good signal will jump off the chart so I'm use to looking at them fast.

Here's what we have as the latest batch of signals.

 DIA 5 min represents the furthest the market could take underlying signals today, generally they are somewhat positive, in this case that may be algo support to hold the market in place, it's hard to say as this isn't an everyday occurrence.

 Most recent DIA 2 min is going negative

 QQQ 2 min with a decent positive divergence today intraday-remember intraday signals are not as strong as longer term, not even close.


 QQQ 1 min showing some negative action, but very small as of now, perhaps it grows.

 SPY 5 min with a slight leading positive divergence.

 SPY 1 min with recent deterioration to a small leading negative divergence.

Below are the S&P Futures (ES) 1 min for today.

 The green arrow is 9:30 a.m., if this looks like a mess, a tangle, incoherent, then that's exactly what I'm trying to portray to you, this is what the whole day has been like.

 You can find signals but they flip back and forth which makes me think algos are managing the market today as they move faster than a human possible can.

The most recent 1 min negative divergence in ES , like many of the averages above.