Market Update

Well there really isn't much going on, maybe they're waiting for the F_E_D Balance sheet at 4:30?

 DIA 1 min with an early positive, the rest of the day is pretty much in line although 3C looks a bit higher then it should be for in line, but that may just be scaling.

 The 5 min from a positive today to a negative at the intraday high to in line.

 The 15 min chart, beyond intraday movement and daily volatility, the larger trend is quite ugly.

 ES is one of the strange standouts with this positive divergence.

 IWM 1 min today is nearly perfectly in line, seeing the same early positive and 1 p.m. negative.

 The same is seen here on the IWM 2 min

 The larger trend in the IWM 15 min is leading negative, so bounce or not, there's still the bigger trend that is ugly.

 QQQ 2 min -a little longer view, there was a positive divergence in the a.m., a negative around 1 p.m. and it is pretty much in line right now.

 The same is seen on the 1 min today

 The 15 min leading negative

 SPY 1 min, positive divergence in the a.m., negative at 1 pm and in line since.

 The same on the 2 min

And the 15 min is leading negative, but somewhat in line or trend confirmation.

Still, these quiet spots always have me on the edge of my seat as they don't last long.

All of the averages are pretty much confirming each other, only ES really stands out, but on the other side of that, the VXX 5 min is pretty darn positive, which would suggest the opposite of what we see in ES.

VXX 5 min

We don't get too many days like these and I suspect the change is part of the change in market character.