Thursday, May 29, 2014

EOD Market Update

It has been a pretty dull day today, I think about a half point is the best the market could do and it's losing that. The $USD/JPY had a small intraday bounce that may have been helpful intraday, but that's in a full negative divergence now as well and looking about to roll over.

I have received word that max pain as of now for the SPX is $1900 for op-ex tomorrow, that is usually updated after the close.

As for the charts, DIA went negative too.
 DIA 1 min leading negative intraday. It's pretty hard to sustain a move when you can't even get confirmation on a 1 min intraday chart.

The 2 min is even worse as you might expect.

QQQ 1 min leading negative, if this closes this way, it should pick up where it left off tomorrow morning with negative early action.

And migration already on the 2 min


SPY 1 min is one of the worst looking, no confirmation at all.

And the 2 min chart.

No comments: