3 Pillars

Here's a look at the increasingly chaotic Tech, Financial and Energy Sectors

 XLE-Energy a huge negative divergence on the open, glad I sold those USO calls early today. For the rest of the day there's price confirmation.

 2 min chart, again the strength in Energy's gap up was immediately sold in to, a bounce attempt around noon was also sold in to.

 The 5 min chart really shows the degree to which the gap up strength in Energy was sold, the rest of the day is in line.

 The 15 min, it is a bit subtle, but every move toward strength has been sold.

 XLF 1 min, is showing a decent positive divergence here, if the SPY is testing the previous bottom where the first positive divergence was, then I would expect perhaps Financials would lead for the rest of the day which the SPY has significant exposure to.

Taking a quick peak at the SPY, it does appear that is a very distinct possibility.

 Financials/XLF 2 min leading negative on the day, overall whatever strength could be gleaned from financials appears to have been sold.

 The 5 min chart is pretty close to in line. Should the 2 min worsen, then this 5 min should see the bleed through.

 15 min XLF, through March all strength was sold, it appears to be the same through April.

 The hourly chart shows all strength through the March highs being sold, the current chart is not much better than in line with prices.

 XLK also showing a 1 min positive here, from the first 1 min positive in the SPY and the other averages, we have seen a move below that level, but the short term positive divergences continue to build. This would suggest some support was put in and a head fake move below that support is taking place. I would still guess there will be an attempt to lift the market in to the close.

 XLK 2 min shows that building intraday support, even at a lower low than the first 1 min divergence of the last two posts.

Overall, the 60 min chart looks very bad, very similar to AAPL.

So far I'm chalking this up to op. ex. volatility, but I am very curious as to whether there is the start of an emerging trend. Hopefully the close will answer that question.