Intraday Market Update

The market has really mellowed out here, I'll show you that in a minute. One of the things I was thinking for today was some range bound trade, it seems we are in that now.

 Here's that range/consolidation I mentioned earlier.

 The 1 min SPY chart continues it's march down.

 ES is starting to look kind of bad with the divergence there.

Here's what I meant about the market being mellow, the NYSE TICK chart is in a narrow range, unlike yesterday.

We are just getting some action now in the market, this may be the prelude to the set up I've been looking for.

As for longer term trades, FCX is looking really questionable here, I'll post an update on that one soon.