Friday, August 1, 2014

Market Update

It's likely we are close to or at intraday lows, there's usually still some lateral slop, but it looks to me that we may have just hit them including HY Credit.

 SPY intraday

QQQ intraday

IWM intraday

IWM since yesterday, typically a bounce will exceed the area where a positive divgerence first started as seen in white on this chart.

And HYG looks like it hit intraday lows as well

No comments: