Market Update

Some interesting charts below...

 DIA isn't negative on the 1 or 5 min, but is showing a negative divergence on the 10 min which is more substantial, but not as timely.

 The Q's on the 1 min are in confirmation with the price trend, meaning we haven't seen much in the way of institutional money trying to push it around in one direction or the other.

The SPY 5 min is negative here. I'd expect to see some selling pressure relatively soon. I don't think it will be a clean reversal because the TICK Index is kind of all over the place showing a lot of volatility.  However, the longer term charts are building negative, perhaps it's for year end selling as the trading year is just about over.