Early Update

Make sure to take a look at the GM chart below, this is one of the rare instances where a positive divergence that is live is confirmed by institutional support at the same time.

Here's the early view of the charts...

 dia 1 min

 DIA 5 min leading neg. divergence

 QQQQ 1 min leading neg divergence

 QQQQ 5 min leading neg divergence

 SPY 1 min

 SPY 5 min leading neg divergence

 XLF 1 min leading neg divergence

XLF 5 min leading neg divergence.

Thus far it seems they are going to try to pin those $120 SPY calls. This is the situation  mentioned last night that was at a tipping point and could have gone either way.