Some Early Signs

I told you I'd post some early signs that this move is losing momentum.

The NYSE TICK isn't a special or custom indicator, it's something anyone can use, but like so many other good indicators it is looked over because of its simplicity.

 First at the top is the SPY or SPX, note the trend of the red linear regression trendline, now loo at the middle window and note the trend of the red linear regression trendline, breadth is a problem in this move right now and that's one of your first clues.

At the bottom I created a custom histogram, you can see it rising as it should with price and it just diverged by not making a higher high, but a lower high.

Just comparing the TICK (green) to the SPY (red) you can see the TICK has been unable to post a higher high vs. this morning and in the yellow box, TICK is failing to move with price/SPY.