Market Update Charts

These were all captured just before I published the last post, so if the market starts moving fast on a move from the divegrence, you'll understand why they look a little different, otherwise they are not worth re-capturing over 10 minutes or so.

 DIA intraday 2 min, the DIA has been one of the worst looking of the averages, it was also hit the hardest today so it's not surprising to see a rather healthy positive divegrence forming here.

 DIA 5 min

IWM 1 min

IWM 2 min

IWM 3 min

And IWM 5 min is as far as this divegrence goes, but still we are seeing fast intraday migration of divergences ever since Monday when they flipped to the negative side in FX and then migration in the averages as it quickly reached the 15 min charts.

QQQ 1 min

QQQ 2 min

QQQ 5 min

SPY 1 min

SPY 3 min

And like the rest of the averages, the SPY reaches the 5 min chart.

As for the TICK data on my custom SPY/TICK indicator, you can see the trend in intraday breadth improving.

As for the Yen which is the main player right now for the USD/JPY...

 The intraday Yen looks as if it's ready to start moving down which would start to fulfill the 5 min negative below...

Yen 5 min negative.

The $USDX almost looks like it will sit this all out and let the Yen do the work.

 $USDX 1 min in line

$USDX 5 min from negative forecasting to a negative trend and in line or no divergence.