Market Update

I seriously don't know what to make of all of this, first credit has ZERO reaction, the market really didn't react very strongly on a light volume week, if you had told me this news would be out in advance, I'd expect a 2% minimum move on such light volume and now the 3C readings are just plain strange.

 DIA 1 min saw the positive divergence, I'm guessing a leak before the IMF news came out, but has since went slightly negative and is in line more or less.


 The 2 min chart, is pure negative, look at how negative it went on the news rally!

 Here's the 5 min chart, again going from yesterday's positive divergence and then negative on today's news and leading negative.

 You see what I mean, at new lows here.

 The IWM 1 min chart is currently in line, nothing exciting here.

 The 5 min chart is totally in line?

 And the 10 min chart is negative in to the news rally?

 

 Here's the QQQ 2 min. from some strength yesterday that was perhaps used up i the afternoon rally to a very negative chart now.

 A close up on the 2 min is leading negative?

 The 5 min showed some strength building yesterday, it now shows strength falling apart.

 SPY 1 min has gone negative on the IMF rally

 The 2 min is only in line

 The 5 min appears to have some strength in it, but

 when zoomed, it's no stronger then yesterday at the close.

 And the 10 min is simply in line.

 ES is very strange, it is leading negative!

And the TICK chart, I would think would have a solid uptrend, instead it is lateral with as much action in the -1500 as the +1500 zone.

VERY STRANGE