Basically the market is working off the gas in the tank we looked at yesterday, the 10-15 min divergences, there's a pretty decent example of about what that's worth...
To the left is a slightly bigger 15 min QQQ positive divegrence, you can see it was worth about a corrective bounce creating a lower high, I suspect that's about what this one is worth.
I do not see any building divergences so I'm assuming the goal immediately is to close out the quarter on the best close possible using the gas in the tank already there.
HYG has been active the last couple of days, the 3 min positive was mentioned yesterday.
HYG vs SPX (green)...
HYG's 3 min positive, but...
Nothing after that at 5 min, just in line with the downtrend.
Our Custom SPT/RUT Ratio Indicator that gave a positive signal creating a low and sideways price movement is in a little danger here of going negative.
Here you can see it on a wider view, the indicator is close to breaking its previous low.
The DIA still has gas in the tank...
This is the QQQ intraday (see the 15 min chart above), it's in line which is what most f the averages look like intraday, no really interesting signals.
IWM 15 min gas in the tank still, but remember how little the QQQ 15 min moved price on the last divegrence, enough to make a lower high.
And SPY 10 min with gas in the tank still, I still suspect this is to close out the quarter (at the close today).
Intraday the SPY is in line.
And the TICK as mentioned , in a narrow band of +/- 750 which looks about right considering price in the averages.
The one thing of some interest is my watchlist is lit up a bit more green than usual which also may be trying to get the best return for the end of quarter, but I think I'll spend some time scouting out a few of those positions.
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