Markt Update

 DIA 15 min leading negative, this shows a lot of downside momentum in about a day and a half, these 15 min charts don't usually move that quickly unless there's something pretty strong going on in the underlying trade.

 Although the 5 min (and the other timeframes as well) trend has been negative, there's more momentum yesterday and today . I'm going to try to find the advancers/decliners as we have seen it steadily deteriorate from strong to modestly strong to neutral to negative last night.

 The 2 min chart does show a late day positive divergence and we are bouncing from that, but in rock, paper, scissors, the 2 min chart is paper and the 5 min chart is scissors, the 15 min chart is even more relevant and if you recall what the full Dow update looked like, the 30, 60 and daily are the strongest in that order (daily is the strongest signal). So seeing a late day bounce compared to the charts above is more or less noise as far as I'm concerned.

 The 1 min chart confirming the late day bounce, but it is also not making higher highs, so it may deteriorate and head lower before the close.

 The IWM 15 min chart has been trending down and the IWM has done practically nothing for weeks, today's momentum to the downside is sharper then the negative trend we have seen that has kept the IWM at a -1% loss over the last 17 days or over 3 trading weeks.

 The 5 min chart has been trending down as well, but it is sharper today.

 The QQQ 15 min chart has seen a very sharp leading negative divergence the last day or so.

 The same applies for the 5 min.

 QQQ 2 min

 The QQQ 1 min positive divergence this afternoon and the bounce.

 SPY 5 min is also seeing increased downside momentum

 Here's the bounce on the 2 min chart, thus far it is inline.

And the 1 min chart, which looks a little better then in line. This also had a stronger positive 1 min divergence.

The NYSE TICK chart hasn't trended much, however this afternoon it has seen some -1250 readings which are quite bearish, this is calculated by advancing issues each tick less declining issues.