Market Update

 DIA 1 min zoomed out trend, as I mentioned, this bounce would start from a much weaker place because of the damage done last week.

 Intraday the DIA is negative, I'm just not convinced here yet as the market always moves in extremes, but we did see the start of the sell off last week in the last hour of Tuesday.

 2 min trend, this is also as you'd expect, leading negative.

 Intraday, the same negative divergence seen through Friday in the DIA/SPY.

 5 min trend

 5 min leading negative, and this is where I'm really on the fence, I expected distribution in to the bounce even before the bounce started and this looks pretty bad.

 QQQ had the weakest positive divergence last week, the 1 min is leading negative.

 the 2 min intraday the same

 The green arrows are only confirmation, they are not positive divergences, only the white arrow is, the 5 min trend here is ugly too, leading negative like the DIA.

 SPY 1 min trend and Friday/Today's negative divergences in to price strength

 The 2 min leading negative

The 5 mi not quite as bad as the DIA/QQQ

As for ES...

After the pre-market positive divergences, ES has remained either relative negative or leading negative all day.