Market Update

It looks like an intraday bounce is in the making.

 I haven't tested the Stoch/RSI intraday, but there's a signal, so lets see what it does. The DIA is in a 1 min leading positive divergence.

 The 5 min DIA is in a relative positive divergence

 IWM is in a leading positive divergence (the lateral price movement is also a hint)

 IWM 5 min in a relative positive divergence

 QQQ in a 1 min leading positive divergence

 The SPY saw a volume spike near the bottom, also a typical feature before an intraday reversal.

 The Stoch/RSI 1 min on the SPY giving a positive signal

And the SPY 1 min in a leading positive divergence.

I can't say how far this will go yet, but this early with the market down this much, it has to avoid an oversold condition so an intraday bounce here makes sense. If there are shorts you like, this may be the time to use strength to dip your toes in the water, don't forget about EDZ, it's looking great.