Market Update 2- 3C

Oh my...

 That SNB stick save didn't fool smart money, look at the distribution in the DIA

 Same in the Russell 2000 thus far

 The NASDAQ 100 looks even worse and is now lateral, perfect distribution environment.

 And the S&P.... Distribution on this morning's move up.

 Slightly longer S&P distribution.

However without a doubt, the worst 3C readings are in the E-Minis/ S&P futures.

Look at that leading negative divergence.

Short term traders may want to fade this move up.