Market Update...

It looks like the TICK chart divergence was right on as for intraday timing.

 DIA 1 min has been strong most of the day, the 1 min charts are part of the analysis equation, but the 5 min will be more important.

 DIA 5 min is lagging, first we have to see if it moves in to confirmation or if it moves lower, this will be important for the intraday/1 day trend.

 The 10 min chart suggests a good dose of accumulation taking place, it certainly could lead to more, especially considering the 3C depth charts showing this as some of the strongest over a day we have seen in over a year.

 The 15 min chart is leading positive, also a strong indication of a larger base.

 IWM 1 min has shown some positive movements since 1 pm but is still lagging, whether it confirms or not will be important.

 The 5 min chart is lagging badly, this is part of why I suspect what I wrote about in the last post.

 10 min is leading positive and strong-this represents a longer term trend then just intraday moves.

 The 15 min chart has continued to add to the leading positive divergence/accumulation.

 QQQ 1 min is also lagging

 The 5 min is leading, but shown a little weakness recently.

 Same with the 10 min, although this is still a significant positive,.

 The 15 min chart has added to the leading positive divergence-this is important to the idea of a bigger base moving forward.

 SPY 1 min has shown recent strength coming out of a very lagging area.

 The 5 min is hitting new highs, this will have to be watched for short term distribution.

And the 15 min is positive and about in line otherwise.