SPY Update-Not Quite Out of The Bull Pen

 This level needs to be broken on a daily chart before we have good confirmation like the CCI hart posted over the weekend.

 This level at $118 needs to be broken for very good confirmation.

 The 1 min is still showing a SPY positive divergence suggesting some more volatility in the area, off the support gap.

 The 2 min chart is negative, but also with a relative positive divergence, which is minor to the leading negative, but also suggests near term intraday strength.

 The 5 min is very ugly leading negative, but also shows signs of short term bounce.

 The 15 min chart is turning in to a leading negative divergence.

 So is the 30 min chart

 And the 60 min chart, so longer view, confirmation looks good, with short term volatility still in the area.

 ES 1 min also shows the same 1 min positive divergence

 The 5 min shows the breakdown and some short term relative positive divergence.

 This is an ES 30 min chart in a 1 day leading negative divergence

 And an hourly chart in a negative leading divergence on ES.

 Here's the EUR/USD short term 5 min chart.

This is the entire trend on an hourly chart, it is very close to breaking the uptrend line here if it hasn't already.