SPY Update

Another look at how razor thin the line is...

 SPY 1 min intraday positive divergence suggesting we get an intraday move to the upside as we have been expecting. The negative in the a.m. shows what started the pullback so SPY could be bought at cheaper prices for this move up.

 At 2 min there's no confirmation in 3C so the move is VERY weak, the 2 min chart though, which shows the set up of this move last week (the reason we entered so many calls Friday) shows a divergence (positive from last week) that looks a bit bigger than just a 1-day move, but I suppose they have to as sellers are going to overwhelm the market on any price gains.

At the 5 min, the failed breakout, the breakout that led to the head fake high and this current move today with ZERO 3C support-pure distribution from the big boys.

That's how razor close this is so don't fool around or get greedy.