Market Update

Again looking at these divergences pre-F_O_M_C I suspect a knee-jerk initial reaction, however I don't see this worth trading beyond anything more than a speculative position like the GDX calls.

The divergences don't look like a leak, but moire like a plan to push the market initially on what will probably be uneventful, beyond that there's nothing much so if I can use it to enter XLF short, I will.

 DIA 1 min

DIA 2 min is one of the strongest, but still not anything even remotely close to a game changer.

DIA 5 min is as far as we go

QQQ 2 min

QQQ 5 min is as far a we go for a single day, not that much of a divergence.

QQQ 10 min shows nothing positive

The 15 min chart is leading negative, this is the direction of probabilities and I'll leave my SQQQ core short position open (short QQQ).

 SPY 2 min

SPY 3 min

And 5 min is as far as we go, remember the size of the divegrence (half day) matters as well.

And the 10 min leading negative.

IWM 2 min positive

IWM 5 min negative so this isn't big, it;'s not worth trading to me, but if I can get a short entry, I'll take it.