Monday, April 22, 2013

Market Update

All of the intraday 3C charts that started the open with negative divergences as expected since the futures were negative pre-market, are starting to settle down and move in to line, some close to positive divergences, here's what's changed thus far...

 IWM with a complex IHS with two heads, they happen...

 SP-500, hasn't made it as far as the last upward slanting example, but has pulled back toward symmetry.

DIA is a downward slanting example, it has pulled right back to symmetry and started to bounce off it.

In addition the 3C intraday charts are starting to improve so I think last night's ideas were pretty close to what's happening.

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