QQQ Update

I "may" consider a QQQ (quick trade, like the SPY trade Monday/Tuesday) if the Q's come down a bit from here to make it worthwhile. I'll update the other charts as well, but for now, this is a good idea of what is going on in the market. AAPL also has a continued positive divergence so it may very well help the Q's, my problem is having exposure to both is a bit redundant.

 1 min relative positive divergence and in line now

 2 mina larger relative positive divergence

 3 min a couple of positives including today

 Most importantly the 10 min, this is out of the intraday timeframes, look at the last simple relative positive divergence to the left and now look at today's leading positive, we could get a pretty nice move.

More impressive intraday are the NASDAQ 100 Futures

That's a very impressive positive divergence since the low this a.m., the 5 min chart is no longer negative, price has caught down to the leading negative of last night.

CONTEXT for ES-not NQ, has a solid 18 point negative differential, not good, however SPY arbitrage looks like the levers are being pulled or about to be pulled, it looks much better and with these positive divergences I think we see a surprising move to the upside today.

Note how close the Arbitrage model and SPY are, less than $.10 cents differential and swinging to positive/negative right around the zero line.