The loss of momentum

What I was trying to convey in the last update just out, was the look of the market as if it were an uphill battle, here are some interesting charts as that uphill battle lost more and more momentum.

 The spike in volume correlates pretty closely with that break above the DIA triangle mentioned in the last post, but look at the price candles where volume spiked, all long upper wicks which is upside resistance and they are bearish candles. This has more of a churning feel to it.

 DIA volume on a move above the triangle noted, again very long upper wicks as higher prices are rejected in the individual candles, very gappy moves.

 The Q's crossed the major first resistance area here, same ugly candles.

The IWM, again the long upper wicks on the candles and continued small bodied candles at what seems to be resistance, although it could just be a lot of selling.