Market Update

It look like the head fake was just too irresistible and why not with nice resistance like that formed?

 DIA 1 min continues lower in to higher price highs.

 The 5 min is negative on a relative divergence, the two relative points are in the small red squares around price.

 Ironically, the IWM which is up the most, looks the worst on this 1 min chart, in a negative leading divergence.

 The 5 min doesn't look much better.

 Actually maybe the QQQ 1 min looks worse?

 And another negative relative divergence on the QQQ 5 min chart

 The SPY's 1 min negative divergence continues to build despite higher prices.

As does the 5 min.

We are probably getting lose to a reversal, watch around the intraday support for some volatility.