Tuesday, January 15, 2013

Market Update

We may be getting a little ahead of ourselves (if we are the market) and a bit frothy.

However we still have some decently strong chart, I'm guessing this is an intraday pullback or consolidation..
 ES intraday negative

 DIA though still leading positive as earlier today

 The QQQ looks more positive than price thus far (intraday).


 The IWM is in line on the 5 min as the divergence did trigger.


 However the intraday 1 min is in a slight negative position.

The SPY is also in a negative position like ES.

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