DIA 1 min is seeing some distribution, they can't sell in to something that hasn't moved and the Dow has been the best performer on the day.
DIA 5 min is at best in line.
It may be worth considering some leveraged shorts on large caps, such as BGZ, or at least phasing in to them, leaving room for any potential further gains in the Dow.
The IWM 1 min has been in line all day since the early negative divergence, small caps are another that look unimpressive to me.
5 min IWM, this is why I don't see the IWM as much of factor.
QQQ 2 min has continued to build, even with some late day market weakness.
The 5 min above still looks impressive.
And now even the 15 min looks impressive.
The SPY seems to be seeing some late day positive divergences in to some late day weakness as it hovers near unchanged.
The 5 min chart still looks fairly impressive in the very near term
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