Market Charts

Other than the Index futures already mentioned, these are a few charts that I find interesting or mildly interesting, I don't see anything like the screaming pre-F_O_M_C charts like we have seen on the rare occasion in which we have caught F_O_M_C leaks, I think that has happened 3 or 4 times in about as many years.

In any case, a few interesting charts...

 DIA 3 min leading negative in a pretty flat trading range, these flat ranges are where we see a lot of underlying movement despite price being so flat. In fact, if I'm scanning for 3C divergences, instead of scanning 3C itself, I find it more useful to scan price for flat trading ranges like this and usually you'll find some interesting 3C signals.

 I included this IWM 1 min to show the negative from yesterday and the gap down, but the very boring intraday trade in most cases in these early timeframes today and I think the timeframes above 3 mins are largely going to depend on what happens with price movement, for instance, "Will a price pullback be accumulated?" or "Will a move up in price be distributed?".

There are different types of information we can use, flat ranges offer some, but market movement gives us a very interesting and useful window in to underlying trade and sentiment.

 As mentioned above, the IWM 5 min was negative yesterday and moved lower in confirmation but is flat today and in confirmation at that.

QQQ intraday with signals from yesterday and early this morning, but VERY little movement in front of the F_O_M_C, this almost seems to suggest the market has little idea how to take Yellen's second meeting.

 The QQQ 3 min is one of the more interesting charts as you can see the 4 stages of a cycle, it doesn't matter how big the cycle is or how small, they just tend to move in these 4 stages.

QQQ 5 min leading negative... The Q's are one of the worse looking of the averages in these timeframes.

SPY 1 min is very flat as far as signals, just the early a.m. positive, this 2 min though is leading negative, still this isn't a very exciting signal.

VXX  charts next...