The 2 min chart has deteriorated as I would expect.
Even more so, the 5 min char is leading negative, weakness is building in with more momentum.
The hourly is really looking bad here.
QQQ 1 min, again, possible positive divergence.
However, even if we get a bounce, the 15 min chart has gained downside momentum to an extreme.
SPY 1 min is in line with price.
So is the 2 min.
The 15 min is leading negative
And although the trend since the orange arrow has all been in a leading negative environment, the recent leading negative in the red box is extreme for a 30 min chart so quickly.
Updates on model portfolio positions:
I got in 2 trades, SJM April $75 Puts and a smaller position in FXP with March $22 Calls
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