Quick Market Update

Remember all of those persistent negative divergences as the market moved higher that failed to confirm the market move even on the shortest timeframe of 1 min 3C? Here's the cumulative total of those divergences, as I said throughout the move higher, "It looks like smart money is selling in to price strength".

 ES is in line with the move down.

 Here's the trend since last week's ugliness.

 The 5 min chart zoomed in is leading negative as it has been recently.

 And zoomed out,t he total lack of any upside confirmation leaving the entire upside move in  leading negative territory.

Intraday the 1 min chart is in line with price.

It is rare for the market to hold on to early losses like this all day, there's usually an afternoon bounce, however if that fils to materialize, we may have a very serious change in character on our hands.