QQQ Update

The Q's have been one of the most unimpressive of the market average ETFs today, even for a gap fill bounce.

 QQQ 5 min shows only  a very small relative positive divergence today, the negative divergence is much bigger.

 That weakness is being fed from the shorter charts like this 2 min that went deeply leading negative toward 3:30

 The 1 min never even made it to intraday confirmation.

The most obvious place to look is of course AAPL...

 AAPL 2 min chart could have easily confirmed the move in AAPL today a long time ago, it didn't happen.

The 5 min chart on AAPL remains leading negative. Something is changing in AAPL before our eyes and we've had warning about this, price is often deceitful, but as I remind you every now and then, about a month or so ago a -1.7% decline in the Dow-30 had a month of longs under water. In other words, when the worm turns, it can be brutal.