Wednesday, January 22, 2014

Early Update

So far this morning, much like yesterday morning, the opening price action in all of the major averages has no 3C confirmation at all, yesterday that led to downside to the afternoon lows until a new positive intraday divergence took over.

For now, there's no confirmation of price as 3C is leading negative inrtraday.

Here's an example using the SPY.
You can see yesterday's non confirmation on the gap up and today's.

All of the averages are like this.

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