Market Update

This move we are seeing now is from the same intraday positive divergences I posted around 12:30 in "Quick Market Update"....

This is part of a larger update that started last night with  the odd or out of place HYG positive which is, as you probably know, 1 of 3 SPY arbitrage assets and it moving up is often used as intraday (or longer) SPY manipulation.

The larger market update I'm trying to get up will probably have to wait until after the close because everything is moving so quickly, but I'll try to give you an idea.

First the positives that have been gathering intraday since the post above from 12:30.

 ES (SPX Futures) 1 min - they were leading positive at the time of the above market update around 12:30 today and have remained intraday positive, that's not the same story on the longer 5 min chart.

NQ 1 min (NASDAQ 100 futures) with a large relative positive just at the regular hours (a.m. low) and continuing in to the 12:30 update as a leading positive (intraday) divergence.

TF (Russell 2000 Futures) 1 min. - After seeing heavy distribution just before the open, the intraday low started with a relative positive divergence and by 12:30 it was starting to lead and continues to do so.

As for the averages, the DIA has a larger positive divergence from Friday's 11 a.m. lows, this is very similar to the advanced planning that is seen in HYG (HY Crp. Credit) from last week and I believe all meant as the same move.

IN ESSENCE, THE MARKET MOVE I BELIEVE IS STARTING AND HAS BEEN IN PLAY SINCE LAST WEEK COULD BE DESCRIBED ALMOST EXACTLY THE SAME AS THE GS UPDATE FROM TODAY (AS FAR AS FORWARD LOOKING/NEAR TERM EXPECTATIONS).  In fact, the GS move I expected to the upside has already begun.

 The SPY 1 min intraday positive -I marked the 12:30 area from the post above so you can see the leading positive that was in effect at the time and how it continued to grow.

The IWM I also mentioned as leading positive in the above update and I marked the 12:30 area, however since then the IWM has seen some negative distribution in to higher prices which was the theme of the update last night.

HYG I believe is the final push being held in reserve and I think this is all connected to the F_O_M_C Tuesday/Wednesday meeting and policy statement as well as the Wednesday GDP and the new "Upside GDP revision" that is about to make everything look so much better in the "MOTHER OF ALL BS ADJUSTMENTS" which may sound positive at first, but it just gives the F_E_D that much more wiggle room to abandon QE and save face.

I'll get to the main market update AFTER the close as there's too much, I'm going to focus more right now on positions we can enter and whereabouts.