Into the Close-Support

The 50-bar 5 min chart is still King in intraday trade...

 The DIA has broken the moving average, by the candles around the average, you can see it has been support and resistance.

 The same for the QQQ

 This is where Dow Theory comes in, although in a roundabout way. If the SPY and IWM break the moving average, the close will likely lose ground.

IWM...

 As you can see the Euro in white compares to the SPY will probably be the deciding factor

 The Euro has lost all upside momentum and is ripe for a turn down.

Just looking at FXE, it seems the Euro will turn down...

 FXE 1 min

 FXE 2 min


FXE 5 min

Gold Update coming next, some interesting action there...