There's some evidence that the intraday countertrend bounce is starting to lose momentum.
All of the 5 min charts being leading negative would suggest to me that to this point, intraday bounces are capped as part of just the normal trending of lower highs/lower lows.
The market, if it is turning down on the flag here, actually needed this bounce as it was getting very wedegy below.
After the bounce it has healthier trending look to it.
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