Market Update

The Euro, which the market was following early today, has moved down quite a bit, near support, the market has remained locked in a trading range, which is also the type of price action we commonly see distribution/accumulation.

Here are the 5 min charts of the averages.

 DIA 5 min leading negative divergence

 IWM 5 min leading negative divergence

 QQQ 5 min leading negative divergence

SPY 5 min leading negative divergence