SPY/BAC/IWM

 This is the SPY (green) vs the IWM (red), small caps really should have led any advance, instead they are rangebound and leaking lower, all of the averages moved up except the IWM.

 SPY 1 min continues to fall apart in to higher highs.

 And that has moved to the next timeframe now.

 As for BAC, I said earlier I wanted to see it fill the gap and then go sideways, it has done exactly what I was looking for and really hasn't responded to the broader market pulling away to the upside in the last hour or so. I like BAC for this particular kind of trade, it offers better returns on these short trades.

 Now the BAC 2 min has seen the 1 min deterioration bleed in to the next highest time frame.

On a longer term basis, the 15 min chart, which is much more important, has a nice negative divergence in BAC.