Market Update

So far everything is going well, we have very strong positive divergences and confirmation so any intraday pullback is VERY high probability to be just that, a short term pullback and should make for excellent long entries, but I'd wait to see a real pullback first and make sure the set up is there.


As for that pullback, here are the intraday signals.

 ES / SPX Futures 1 min, this shows a very good chance of an intraday pullback as there's a negative divegrence, but it's only a 1 min chart so not strong distribution.

The 1 min NASDAQ Futures have an even stronger signal...

First NQ has a relative negative divegrence like ES, then it moves to a higher high in price and a leading negative divegrence in 3C (the strongest type of divergence).

The Averages...

 DIA intraday 1 min from confirmation to a leading negative divergence.

 IWM 1 min with accumulation at yesterday's lows, a leading positive signal (strong accumulation) at the afternoon range and break/head fake below the range and then good opening gap up 3C confirmation with the same distribution / negative divegrence right now,

 The QQQ, like the NQ (NASDAQ 100 Futures) has one of the worst 1 min intraday signals.

 The SPY 1 min negative is not that strong and as far as what comes after this and what this is...

The SPY 30 min, the important thing is to the far right, a leading positive divegrence on a 30 min chart means significant accumulation, that won't be undone easily so an intraday pullback is likely to be just that as there's a lot stronger accumulation from yesterday so the probabilities beyond intraday are for the move to the upside we've been expecting.