3C charts getting worse at a fulcrum area

As I pointed out earlier, JPM looks like a model of things to come for the market as we have suspected this has been a false breakout throughout, in fact the pattern most averages, industry groups and stocks are breaking out of or have broken out of, were bearish to start with, increasing the probabilities of a false breakout, which is almost always the last thing to happen before a reversal in trend.

 DIA 5 min continues to lead lower

 IWM 15 min has been negative ever since the first hint of a breakout, it is now getting worse in 3C's underlying trade.

 QQQ 5 min is close to a new leading negative low on the day.

 The SPY 15 min chart tells the story behind the bearish wedge and false breakout, 3C in confirmation should be hitting new highs on this important timeframe, instead it is leading negative to new lows.