Market Update

We may be looking at the last day of Friday's bounce cycle, I don't want to get ahead of myself, but the 5 min charts are getting crushed. The SPY, DIA and IWM 5 min charts are all in leading negative divergences. There appears to be distribution from earlier in the day, we may actually be seeing some short selling activity as well.

 DIA 5

 IWM 5

 QQQQ 1

SPY 5