Intraday Forecast

I'm seeing changes in character in the market and changes in character lead to changes in trend. Right now they are subtle, but they always are.

I suspect we are going to pullback intraday, the index futures and a number of other assets are indicating that...

 intraday 1 min index futures like the Russell 2000 above look like they'll pullback intraday as I said earlier, the divergence is clearly there right now, this is where I suspect we'll start to see more overt signals.

The NYSE intraday TICK is about to break it's intraday channel to the downside as well.

I've been finding a lot of changes in the leveraged ETFs as usual, they tend to have earlier signals. This is UPRO, 3x long SPX and the 1 min chart has been in line this morning, but is going negative intraday like the index futures and a number of other assets.

It's the longer intraday charts that are getting interesting like UPRO's 2 min leading positive...

And 3 min leading positive.

The 10 min leading positive is a big change and a bridge between some of the longer 15-60 min charts.

So I'll be looking for the way 3C acts on a pullback, I suspect that's where we'll see rapidly increased activity.