Quick Intraday Update

I'll have charts out in the next post, but I wanted to get this out.

It seems ewe have continued the positive divegrence that formed starting around 1 p.m. yesterday and have some intraday "W" bases".

To me the SPY looks the best, the Q's look like the laggard followed by the IWM, this may reflect a slight oversold condition in Financials which would be fantastic as that's the asset I'm most interested in at the moment.

I wouldn't be surprised to see an intraday trend change to the upside soon, although I personally wouldn't play it long, but rather short in to it which is much lower risk.

Get out your oscillators, they should reflect divergences at the right time which is probably pretty close.