DXD short on the DIA 5 min positive
QID short on the QQQQ positive 5 min
QQQQ 5 min negative
SPXU short on the SPY positive 5 min
SPY 5 min negative
TWM short on the Russell (IWM) 5 min positive 5 min
EDM long Emerging markets negative 5 min
FAZ short financials positive leading divergence 5 min
XLF financials long 5 min negative divergence
Looking at the 5 min charts of the long sectors vs the 5 min charts of the equivalent shorts on those sectors, we have negative divergences in the longs and positive divergences on the short. I covered as many as I have time to. That is a perfect 12 for 12 all alluding to the same thing.
USO
The USO 1 min chart has shown improvement
While the 5 min chart does have a negative divergence, it's not nearly as bad as some we see above and may improve with the 1 min chart improving.
Here's the FX EUR/USD, as I mentioned earlier most of the early going today we were in a bounce (green arrow), I mentioned the start of a reversal several hours ago and you can see that at the red arrow. The red trendline represents new lows for the Euro.