Market Update

 DIA 1 min

 DIA 5 min-The Dow doesn't look to have the strongest underlying action, but one thing it is doing with the rest of the market today is managing to stay lateral, this is where we most often see divergence. IT is also not leading negative and showing strong distribution. It appears to me by the 1 min charts that there is some likely accumulation going on with the market intraday being knocked down a bit as it gets too high or too far away from the accumulation zone which would be at the lows or as close as they can get to the lows.

 QQQ 2 min, Tech still shows the best underlying action, this is a carry over from late Friday.

 Interestingly, the 5 min chart has had more then enough time to confirm the move lower, it hasn't, this is a sign of some underlying strength in the Q's

 The SPY, again seems to be knocked down and sees a positive divergence on the pullback lows, it appears there's an effort to keep the market relatively flat and stable and it also appears there's some accumulation going on here.

SPY 2 min is seeing a decent leading positive divergence.

I'll try to look at the 3 main sector with an emphasis on tech.