Intraday Market Charts

As mentioned there's an intraday 1 min positive divegrence, all new divergences that may become significant start on a 1 min chart, but otherwise the 1 min chart guides intraday trade, I've been watching to see if this 1 min builds (suggesting there's a new divergence starting, perhaps regarding the talk of a possible budget deal in CONGRESS between 2 (1 Dem and 1 Rep. budget committee leaders), this is far from a congressional vote and passage of such a deal and far from the Senate accepting the same as well as the president so it's actually in its infancy.

The fact intraday prices look like they'll move as they should with an intraday divergence suggests this is an intraday steering divergence and that's all. This is significant because starting at 2 min charts, they get pretty ugly on the negative side, but for now this is what the 1 min positives look like which is why I have told a few members I'd wait on things such as VXX long, which may be a position available later today, but with an intraday move, it wouldn't be great timing.

These are the 1 min intraday Index Futures (SPX, NDX, RUS2K). If I was back in my day trading days, I'd likely be getting ready to put on a leveraged long with a cross of the SPY above the 5 min 50-bar average.

 ES 1 min positive

NQ 1 min is in line, not a big deal

TF after having gone leading negative is now in a weaker relative positive 1 min chart.

The averages...

 1 min DIA positive-leading

IWM 1 min positive, one of the better looking in short term intraday underlying trade.

QQQ is in line here too after an earlier negative divegrence this morning, just like the NQ / NASDAQ 100 futures above.

 SPY 1 min relative/leading positive

Other indications...

 UVXY/VXX Short term VIX Futures, this is why I said I'd wait, but later today this may in fact be a long.

Negative divegrence (trades opposite the market).

HYG very small 1 min positive (relative which is weaker than a leading ) divergence

My Custom TICK Indicator vs the SPY, you can see TICK has improved to a neutral area from a negative trend.

More coming....Remember these are just 1 min intraday divergences