00A DIA One-minute
7/30 -- am -- GDP good but inflation bad. The one-minute charts are falling to support this morning, VIX is rising, and DIA has actually now broken its short term uptrend on the 30-minute charts. Watch closely for breaks -- this market is very skittish.
7/27 -- The morning sell-off served as follow-through from Friday, taking DIA down to its support line on the one-minute charts. SPY and QQQ stopped a bit short of support, but IWM went through support to double bottom at last week's low. Then all bounced. The bounce broke out of all four red minichannels on the one-minute charts,so the market looks to be regaining its footing, though not necessarily an all-clear for the entire week yet.
7/26 -- The full Weekly Commentary at www.RHLcapital.com is now updated.
7/25 -- DIA is steepening its downtrend, IWM is breaking its uptrend, SPY and QQQ are coming down within their uptrends -- and all are in red minichannels on the one minute charts. In addition, VIX is rising again. The advance during the earlier part of the week looks like it got ahead of itself and is correcting.
The bigger picture is showing waning strength as well. Advance declines are setting up a negative divergence. More details this weekend.
00B SPY 1-minute
00C IWM - 1 min
00C QQQ - 1 min
00D Volatility Index 1-min
01A DIA - 30 min
01B - DIA one-year
02A SPY - 30-min
02B SPY - Daily one-year
03A QQQ - 30 min