Market Update

I'm still very happy to have added to my shorts today.

Here's the SPY and it appears to be falling apart at a faster pace.

 SPY 15 min, not only negative, but now hitting new leading negative lows.

 Here on the intraday chart, volume jumped as the most obvious support level was breached.

 The 2 min chart couldn't even confirm today, even worse, it has been leading negative all day.

 The 5 min chart just fell apart very quickly to a leading negative position and is virtually moving straight down right now, it would seem that distribution of this gap up is very heavy.

The 10 min chart shows the same speed of deterioration as the 5 min above.

Bottom line, everything seems to point to today being as I had hoped for, a good opportunity to start and/or add to short positions on some strength.