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Market Divergence

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So far we are seeing a divergence between the QQQ and SPY this morning.

A look at the 15 min. chart of each shows that we may start to see some choppy action.

The 15 minute chart of the QQQ shows a break under support and room down into filling the gap from Friday. The SPY, on the other hand, shows a pullback to support and still holding the uptrend.

It will be interesting to see how this afternoon plays out.

spy15

qqq15