Early Update

The early action thus far looks a bit dismal, ES is leading negative as are the averages in almost all cases.

The confirmation candle I mentioned earlier and displayed, looks like it has a good chance of materializing.

 DIA 1 min close up of this morning's action, actually we can see several days of leading lower, I think I count only 1 short term positive divergence in this series.

 The two min chart which still has not confirmed and this morning has a negative divergence near the morning highs.

 The 5 min chart is leading negative.

 The 15 min chart is a disaster and one of several charts that have given me the confidence to hold and add to my shorts in the MP.

 Close up of this morning's 1 min QQQ negative at the a.m. highs and looking like the market wants to roll over in a "U" shaped pattern.

 The 2 min is not only not in confirmation and leading negative, but moving lower as well.

 Close up zoom of the 2 min QQQ

 The 5 min is leading lower.

 The 15 min is negatively divergent in the Q's

 And the hourly chart gives you the big picture from the July crash lower until now at leading lows well below the Aug/October lows.

 SPY close up 1 min of this morning.

 The 2 min is leading negative very badly and moving lower as well on a relative basis.

 The 5 min SPY is leading negative very badly.

As is the 15 min.

The market is just starting to roll on increased volume. I'd be on the lookout for that Harami confirmation today. If that confirmation candle is put in, you may not get a chance to add in this area.