Here' the 15 min DIA, in the red box it is leading negative which is the worst kind of divergence, this is the longer term trend.
Intraday on the 1 min chart we have a positive divergence suggesting a possible bounce (intraday)
The QQQ 15 leading negative
QQQ 1 min positive
SPY 15 min leading negative
SPY 2 min intraday positive.
It looks like we should see an intraday bounce and why not, it's early in the day.
If these divergences get run over, the market is in more trouble then it appears already. Look for the common tell tale signs of a bullish candle on high volume during an intraday decline, that would be where the bounce starts.
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