A Lot of Charts, A Lot of Information
Above are 3 1 hour 3C charts showing the SPY, DIA and QQQQ. The red arrows point to a divergence indicating distribution and an eventual turn down. The white arrow is late August accumulation when shorts were very thick in the market. The next red arrow from there shows another negative divergence as that inventory is sold and most probably they are now short. 3C is a proprietary indicator put
