I have to do these things once in a while so I know there's a reason why I say , "I think the market is shot here, but that one market bellwether, GOOG that I just so happened to call a long position (call weekly option) on yesterday still looks good"
The market looks pretty much the same whether I use the SPY or DIA so I chose DIA because its the same indicator as GOOG for the same reason, because it's usually the best to use on large caps.
GOOG 1 min has a large positive here and only a very minor (pullback) negative
DIA 1 min has no positive at all and a negative
GOOG 2 min has a large positive leading divergence
DIA 2 min has a leading negative divergence
GOOG 3 mins has a decent leading positive divergence
DIA 3 mins has an even worse leading negative divergence
GOOG 3 mins has a large (short term) leading positive divergence
DIA 5 min has a large leading negative divergence that only moved in confirmation for a period, while still being leading negative
GOOG 10 min is leading negative , but has a short term positive divergence, this is different than
DIA 5 min because 3C was in confirmation with DIA while leading negative as it was moving in the same direction in the red box, GOOG has 3C moving positive in the red box vs the direction of GOOG at the same place.
DIA 10 min leading negative
So that's the reasoning behind thinking GOOG might still have a shot left here vs the market.
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