Signs of Market Improvement

The first post today showed the pre-market negative divergences very clear in NASDAQ and Russell 2000 Futures) if you haven't read or don't remember what the first post of the day said, check it out, we are right on track.  From there we expected a range where accumulation could start to build, if you haven't read or don't remember what the first post of the day said, check it out, we are right on track.

 DIA intraday is the first to go positive as the range is created, it's just getting going.

 The SPY was in line (green) then went in to a negative and down toward a range where it is starting to put in a positive divergence, we still have some work to do, but this is what I was looking for.

The pre-market negative divergence in R2K futures and a positive divergence forming now.

Like I said, I think we still have some work to do, but the point of a pullback or a range was so accumulation could continue and it looks like it is.

Even the TICK is starting to go positive.

SPY vs he NYSE TICK Index