Markets still show neg divergences

ES pivot vst 845

Monday, April 27, 2009 3:13:26 PM The intraday double top formation is broken to downside. After the double top formation on vst, markets broken a vst diamond formation to downside. $COMPX 1700.53 $INDU 8122.56 $INX 868.83 ~. DIA 81.23 IWM 47.79 QID 39.29 QLD 33.72 QQQQ 34.06 SMH 20.35 SPY 87.01 Now trading at near the intraday supports with downside momentum $COMPX 1670.49 $INDU 7987.16 $INX 854.65 ~. DIA 79.66 IWM 46.61 QID 37.70 QLD 32.35 QQQQ 33.35 SMH 19.75 SPY 85.54 Monday, April 27, 2009 10:50:03 AM Market swine pig flew Let's see where markets close. Markets are still buying dips which is not a good sign with continued negative divergences in price and breadth momentum. Monday, April 27, 2009 10:38:49 AM $COMPX 1695.77 $INDU 8101.06 $INX 866.75 ~. DIA 81.00 IWM 47.51 QID 39.29 QLD 33.57 QQQQ 33.99 SMH 20.32 SPY 86.80 =============================== Markets bounced off from supports. $COMPX 1670.49 $INDU 7987.16 $INX 855.76 ~. DIA 79.66 IWM 46.69 QID 37.70 QLD 32.35 QQQQ 33.35 SMH 19.84 SPY 85.56

SPY 85.35/84.50 T/pivot
SPX 855/835 T/pivot

Monday, April 27, 2009 9:56:51 AM Gap Close $COMPX 1687.82 $INDU 8073.98 $INX 862.82 ~. DIA 80.43 IWM 47.31 QID 39.29 QLD 33.25 QQQQ 33.83