Market Update

The SPY has an interesting dichotomy, it wants to fill the gap, that has been the M/O of the market lately, but it's having trouble as you can see below, it may be moving closer to the point in which the market makers lose control and we get breakaway gaps that they can't fill, that's when real downside starts.

 From the first positive 1 min divergence I pointed out (this use to be the timeframe of market makers and middle men, now it seems to be more HFT momentum chasing robots, but with the same reasons for wanting to fill the gaps). In each case the market made an attempt that was quickly put down, see the red boxes.

 Now the 2 min chart is showing a slight positive as it seems they really want to fill the gap, but take a look at the 5 min below...

That's a huge leading negative divergence to be put in for a single day that is not even over. It seems the  "fast money" like HFT/momentum chasers and middle men are having it out with larger institutions that are providing overhead resistance by continuously dumping or selling short today. Today is definitely an unique day and possibly an important change in character.