Market Update

And we have the intraday bounce 3C was calling for, lets take a look....

 The 1 min chart was showing a positive divergence, meaning an intraday bounce and that has come, so far there's a bit of distribution there, but it's too early to say if this leg up intraday is done, however I personally would consider adding or initiating some short here,  for a new position, getting my toes wet and leaving room for any more possible upside. 

 The 2 min finally went positive as the 1 min was positive for so long it creeped in to the 2 min. Right now trade is inline with 3C on this timeframe.

 The 5 min remains in a leading negative divergence, whether we get more upside or not, will be determined by the 1 and 2 min charts, but a move lower (yellow arrow) on the 5 min 3C chart would not provide a very supportive intraday environment for more intraday upside.

 The 15 min stayed nice and negative in to the bounce, again, moves lower here will be highly suggestive of a high probability turning point for the market.

This is 1 min ES (you have been seeing 5 min-which is still negative) and it also showed positive 1 min divergences intraday which the market responded to, and a current negative divergence that for now has halted the intraday bounce.