Breadth

So I just took a look at market breadth, basically all the stocks in a given index and how they are performing today. Here's what we have for the Q's and SPY.

 The first 3 are the components of the NASDAQ 100. This chart is the number of stocks making 250 minute new highs/new lows. While new lows haven't moved much, I wouldn't expect them to while the average is elevated, but the falling number of new highs says something about the market breadth and the stocks in the NASDAQ 100 losing momentum and quite quickly.

 This is the number of NASDAQ 100 stocks that are above or below their 1 min 50 bar moving average, here we see a big change and not a bullish one.

 Here's the Advance / Decline Ratio and line, it's starting to go negative, meaning on the 1 min scale, we are starting to see more decliners then advancers.

The S&P-500 component's breadth

 Again, stocks above or below their 1 min 50 bar moving average, you can see quite a distinct and fairly quick change in the complexion of the components.

 The A/D line and ratio also going into negative territory where decliners are starting to outpace advancers.

 And new highs/new lows over a 250 minute period, also falling apart.

Since the last update, 3C has dropped into a bad leading negative divergence which is about right as far as timing considering the breadth charts above.