FAS- XLF

One of the ways to get confirmation of underlying trade is to look at correlated, but entirely different assets, for instance FAS (3x long Financials) price movement is correlated to XLF, but it's an entirely different ETF, it's leveraged, it's a different management company and it trades completely different volume, so these make for good confirmation assets.

Take a look at FAS and what it shares with XLF, the SPY, DIA, QQQ, and on and on...

 Not only does it have the normal progression of accumulation from a relative divergence to a leading divergence, but it has the head fake move which is below yesterday's support and the exact same leading positive divergence through the entire move today.

As a matter of fact, another leveraged Financial long ETF, UYG from another company...

UYG from ProShares.

I don't mean to suggest this is just in Financials. I'm just using it as an example, it's the common thread today, that's what you are looking for, the thing that sticks out, that which the crowd missed.