Update

As the averages either near filling the gap or fill it, here's what's going on...

 The Dow which seemed to start the gap fill move is the furthest away from actually filling it.

 The IWM just filled the gap

And the SPY is close, the Q's have filled it and then some.

 Commodities which were leading the market yesterday are underperforming today, it seems the FCX trade idea was fairly well timed as of now.

 The market is off on its own, unlike previous sessions in which the Euro led the market, today the Euro remains flat. If I have the time, I'll try to count how many Dow points there are in this dislocation from a pretty strong correlation between the two assets.

 Credit remains near the lows of the day and there appears to be no risk appetite there.

 The XLF/Financials which have been a major market mover today are still refusing to confirm on even the fastest timeframes (1 min above and 2 min below).

Of what I call the 3 pillars of the market, because these 3 groups are usually needed to sustain any move, XLE/Energy is down on the day around -1%. XLF which has been a leader s getting wedgey around a .75% gain and Technology is still red on the day, but near unchanged. It seems XLF is the one to watch moving forward.