Still have a positive divergence

The divergence is there, that is not really the concern, the market can go up, but it would be best for us if this inverse H&S is not broken to the upside. It's not the end of the world if it does, just more time and possibly some extra action we may have to take.

Update 2

We have a minor 1-min positive divergence, but in the long run, it's looking pretty negative.

Small H&S bottom

There's a small (1 min) H&S base, but the volume is wrong for the pattern, in any case, a break above the neckline at $104.90 would signal a run higher to the gap area.

this is one of 4 3c type indicators that is positive, we also have one now in a leading negative divergence, explanation=watch price for that break above, if it totally fails, we should see a quick move down.

The indy above is inline on the 5 min SPY, negative on the 1 min QQQQ and positive on the 1-min DOW, all other 3C's are mostly in line to slightly negative on the 5 min charts of all 3 averages and slightly to very negative on the 1 min chart. This is what I hate, a lack on confirmation, but that is what is there and like I said, it's a lot of retail trading now so the readings aren't terribly important yet.

UPDATE

The 1-min positive divergence we saw yesterday is already fulfilled in filing the gap this am and it's slightly negative now, but hasn't gone into a leading divergence, if that happens then I'll post that chart as it would be meaningful.

There are a few 1 min charts that are starting to deteriorate, the 5-min did not gain any ground on the fill of the gap and instead is relatively negative. Thus far, although it's way too early, I don't see anything very bullish so watch for more downside. (1) 1-min 3C is close to a leading downside divergence, but until it is leading, it can turn up any time, but still it's fairly negative, more so then I expected last night.