Market Update

So far the 1 min chart and 5 min charts are confirming price action in the DIa and the QQQQ, only the 1 min chart in the SPY is confirming, the 5 min chart is in the early stages of a relative negative divergence.

Price in the markets this afternoon looks very much like the Euro's bounce within the established downtrend.

Here's the Euro/Dollar 5 min chart. The red arrow is where the week started for the FX markets.