TICK Leading Ind.

You really have to pay attention to the TICK for intraday leading indications because they are here and gone, but take a look,

 This is NYSE TICK v. IWM today, the channel is clear as a trend, the readings are VERY mellow, this seems to be the work of a few stocks getting squeezed hard rather than a big majority of risk on sentiment as most of the day TICK has drifted between + or - 750.

If you compare TICK to IWM in the yellow box, you can see problems developing for market breadth/market, to the far right is an individual signal as TICK seems to make a significant low and looks to be heading toward breaking the day long trend.