Market Update

About that bounce....
 In my last two market posts I've shown you the growing probability of an intraday bounce and here we are.

 DIA 1 min in a leading positive divergence-remember, this is an intraday timeframe for intraday moves.

 DIA 5 min is in a relative positive divergence

 However, the bigger trend, the 10 min hart is at a new leading negative divergence. I'll be looking for a spot to possibly add shorts on this bounce so long as 3C goes negative on the short charts. This hart suggests there's more downside to this move over the coming days.

 QQQ 1 min

 QQQ 5 min

 And a horrible looking 15 min hart making new leading lows, opening the possibility of the market making a new low in the days ahead.

 SPY 1 min positive

 The 5 min is just in line, not positive.

And the 10 min hitting new leading negative lows.