Quick Market Update

 Here's the move in the Euro since the open, the market thus far has not responded as it normally would in following the correlation higher.

 However the SPY has broken below the triangle on a pick up in volume, this is not a major sign and as you can see below 3C is in line with no positive divergence.

 However looking at the DIA, it almost looks like a little head fake as the volume is large here on the break and below we see a little accumulation. I assume the arbitrage algos are shut off today and we are seeing humans set this up. So in conclusion, if we do get a move higher based on the Euro correlation which seems to be turning down now, it will likely be a short lived move and should head back down. I don't know f it will move enough to warrant a quick fade trade on any potential move, but it is something to watch for.