Market Update

So far there's not too much that's very telling yet, I suppose it has to do with rapidly changing events.

 The open was not confirmed and thus the market dropped as 3C was negative on the open, there has been a positive divergence, we usually see one this time of day lately and thus far some negative divergences, whether they are all that remain is too early to say.

The 2 min chart reflects the same opening conditions as well as a positive divergence and current in line trade.

Just as a reminder of what even some of the nastiest downtrends look like on a daily basis...

 July/August 2011 fall, there are down days, flat days and even up days.

June/July 2008, Here's you see even a more mixed market of day to day swings from down to flat to down to up, but the trend is what is important.

This is just a reminder to keep expectations realistic and remind you to concentrate on the trend and the important technical action.