In the last market update I mentioned the start of a negative divergence...
Here was the negative divergence, which ended up being a consolidation/pullback within the bounce off the lows.
2 min is starting a relative negative divergence
The 5 min is trading in line so this is the fulcrum pint between the short term and longer term trend.
15 min remains leading negative
The 30 min longer term trend has added to the leading negative downside today
as has the 60 min
Here's ES 5 min starting to go negative as well.
Let me take a look at the other averages.
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