Update

3C is very much in line with last night's market observations, price isn't quite there although we did get part 1 correct, part 2 seems to be taking some time. The bear flag I pointed out last night was crushed.... How silly of me, you know I always warn that these obvious patterns get taken out, I'll have to go back and look to see if I warned of a false breakout last night.

This 3C 1 min chart is in line with the earlier update, however the zoom level makes it appear as if there's a positive divergence around 12 pm onward, but....

Closer inspection shows if anything it would be an extremely weak divergence at the blue arrow, the rest is 3C in line with price which tells us nothing and does not imply anymore strength then what we see in the price trend, however......

You know I use multiple formulations of 3C in multiple time frames and the blue 3C is the fastest to pick up on emerging divergences. This also happens to be a 10 min chart where we cross we see a mish-mash of activity from market makers/specialists and some smart money, it's a fairly substantial time frame and can alter the course of the daily chart. These negative divergences are pretty powerful and right now 3C is pretty much in a leading negative divergence which is much stronger then the relative divergences you see in most of the chart.

I'll be watching and keeping you updated.