Full Intraday Market Update

 DIA 1 min was in line this morning with the gap down, there's been a negative 1 min divergence in most averages that appears to be a consolidation area/slight pullback also possible.

 DIA 5 min is in a leading positive divergence

 DIA 10 min shows the negative divergence/turn down and a positive divergence the last several days as we expected to see in to lower prices.

 Now even the 15 min chart is starting to lead positive, this is what was expected, although it is happening faster then expected.

 IWM 1 min was positive on the open, lifting prices. There's the same negative divergence leading to lateral trade.

 The 2 min is in a leading positive divergence, with a slight relative negative divergence, leading to a little range/consolidation.

 The 5 min chart is in leading position, but also showing a negative divergence on a small move out of the lateral range recently.

 The 10 min chart is starting to lead positive.

 QQQ 1 min showing the positive divergence on the gap down leading to intraday higher prices, we have the same negative divergence/range as all the other 1 mn charts.

 The 5 min chart is leading positive and pretty heavily.

 As is the 10 min

 The 15 min is starting to lead already after only 2 days down.

 Here is the range of pullback we expected, from inside the triangle, to below it and possibly even a new low. Remember, reversals are rarely an event, they are a process.

 SPY 1 min looking like the others.

 The 5 min is inline, but leading positive

 The 10 min is slightly positive-remember the heavy financial presence in the S&P.

 The 15 min chart is leading.

 This is several days (5 min chart) of sector rotation.