I started with XLF (Financials) and saw the intraday trend on the Trend Channel close to being broken to the downside. ADX on this timeframe is also starting to signal the end of the trend as it reverses down from above 40.
XLF 1 min has gone negative in a flat area.
XLF 2 min is leading negative.
So is XLF 5 min
FAS 2 min looks worse then XLF 2 min.
FAS 5 min looks about the same as XLF 5 min.
And Fas 15 min look plain bad.
Here's FAZ (Financial Bear) with the same Trend Channel settings as XLF and it is close to breaking the intraday downtrend as well as having ADX turning down from above 40 which also signals the downtrend is ending.
The 1 min chart looks super.
As does the 2 min chart.
The 5 min chart looks moderately good.
And the 15 min chart looks very good.
I would keep an eye on what financials are doing, they may lead the market.
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