How Far The Negative Divergence has Migrated

For short term information, the SPy especially is still holding a 1 min positive divergence, that could bring a consolidation or an intraday move up, which would be better. The IWM has some signal and DIA too, but the Q' s are all negative on the 1 min. If the divergence holds until the close, then expect it to play out on the open tomorrow or morning trade.

All day I've posted the divergences as they just started today, from 1 min on and we have seen them grow. I'll post 2 charts of each average, the first is the longest timeframe the negative divergence we have been tracking today has reached. The second is where this current divergence splits from the Trend 2 divergence so you can see how ugly that trend will likely be.

 DIA has migrated to 10 min today, that is respectable.

 Trend 2 splits at the 15 min chart, we should see some negative action on the 15 though as this divergence worsens.


 QQQ 10 min leading negative, so that's a decent negative move today, good migration.

 You can see how negative trend 2's 15 min chart is and you can see how the current divergence is effecting the longer term one as it is moving toward a new low.

 SPY has only made it to the 5 min, it also got a late start yesterday.

Trend 2 is seen here in a 15 min.

I have a feeling we are not quite done, but things are shaping up our way. That means we should have some better opportunities to enter positions, I would want some short exposure (as we built the short positions already), but I would not be loading up the truck until these signals are stronger. Price should need to move up for the signals to become stronger.