Sorry About all the updates.

The Q's do have a small divergence just forming, there's not enough time in the day for a proper positive divergence to form, but all of the averages still maintain a rather positive stance even on the 1 minute chart. So the action into the close will be important, any move up on volume will be a positive sign for a bounce. Right now, that $107.30 area on the SPY is acting as resistance. Relatively speaking , below resistance there's quite a bit of volume and not the same degree of price decline you'd expect so this is pretty much the opposite of churning just discussed.