Market Update

Yesterday as I noted many times, we saw negative divergences, but weren't getting to any timeframes beyond the 5 min charts,later in the day I suspected it was so they could gap the Q's up this morning and take in more retail bulls.

Now that we've had some time for trade to develop, we are moving to 10 and even 15 min charts on the negative side, so what we hoped for in a head fake move is now becoming higher and higher probability.

The next several posts will likely be some trade ideas as long as they are at the high probability level that I was sure we'd reach yesterday, but just had not done so at the time.

Here are  few key charts...

 DIA 10 m

 QQQ 10 m

 SPY 15 m


 UVXY (inverse confirmation) 15 m

 VXX (inverse confirmation) 10 min


 XIV 15 min

 ES- S&P Futures 5 min


 ES 15 min! WOW!

 NQ NASDAQ Futures 5 min

NQ 15 min-Double WOW!