Wednesday, April 3, 2013

Averages Update

Again there's nothing that's really changed about very short term looking like it will make at least 1 more run and longer term (defined pretty much as after 1 more run) looks like it will see significant downside.

 DIA 1 min

 DIA 10 min

 And the bad side, 15 min

 IWM 2 min

 IWM 5 min

 IWM60 min makes the larger trend VERY clear.

 QQQ 1 min

 QQQ2 min

 QQQ 3 min

 QQQ 5 min-none of these charts are particularly strong.

QQQ 15 min again makes the trend pretty clear and it's not far away.

 SPY 1 min

 SPY 2 min

Again these are intraday timeframes, not particularly strong divergences...

And 30 min makes the trend clear, that's a problem for the bulls.

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