Here's the gist

I can't put everything together this fast and do it justice, but this is the general idea, we'll look at the SPY as to why a pullback in to Monday is likely and why we have time to wait.

The QQQ will verify this

The IWM is an example (remember, the IWM should be the leader in any move up-it's relative price action alone this year is telling) of how things are looking very bleak for the market.

This weekend I'll give you a more in depth post.

 1 min negative is what suggested prices decline toward the close, they already are.

 2 min negative is what starts to suggest that we need more basing before a move up. The yellow area is a potential buy zone, the lower, the more shares, but still partial, no more than a/2 a normal position.

 3 min chart shows where they have been accumulating, suggests Monday sees prices in the same area.

 This is our move up, the yellow is the interruption of that move, the 10 min is still leading negative, it should need more base, either that or the move will be weaker and shorter than expected.

 15 min leading neg.-this is the trouble that is closer than we think.

 30 min-this is a glimpse of how bad the trouble is, it has built up like a spring

 NASDAQ also suggests more pullback before any move up

 The area they accumulated in and probably will again.

 30 min-trouble is closer than thought

 4 hour, some hint at how bad that trouble will be

 IWM 15 min shows the idea, prices move up in to heavier distribution, the divergence should be horrible by the end of the move.

 Imagine the same on a 30 min chart

Hourly showing the change in character, an idea of how bad the trouble is