This is a very tough call to make here, especially when there's negative divergences as suspected and expected in to any kind of strength, but I was clearly looking for a more spectacular bounce.
DIA nega div in to any strength today
The 5 min looks bad
Even the 15 min looks bad
The IWM with a triangle, these can be head faked 3 or 4 times before you get a real move or it could just fall apart which is rare, but a lot of damage was done early in the week. No bounce at all in the IWM?
There's only a hint of a positive divergence on a 1 min chart today and near the apex of the triangle
The 5 min is in line
QQQ same triangle-no gains
Same 1 min positive
The 5 min chart is just in line even though the Q's looked the weakest the last 2 days
SPY negative into any strength, just like early in the week.
5 min negative as well.
I really expected a stronger much more impressive bounce.
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