Market Post

Here's the SPY

 The 3C / price action looks a lot like confirmation....

That is until you back the chart out, there's still a relative positive divergence. I am curious about it with AA kicking off earnings season tonight. Perhaps we'll see a run into the close that will explain it, otherwise, I'd expect a gap up in the a.m. which would be curious, especially if AA reported good earnings.

The TICK chart vs the SPY (white) is interesting, especially the last hour as TICK moves up while SPY has been moving down. I'd guess that we'll see some buying into the close.