QUICK MARKET UPDATE

 The DIA continues to be negative, but recently it has turned even more so from Friday' already negative action.


 ES/3C intraday makes very good and timely calls on divergences, this entire move in ES has been in a relative negative divergence, now it is starting to lead negative.

 The intraday IWM chart is also starting to lead negative

 The same for the Q's

 And the SPY.

This also makes sense on the NYSE TICK chart (number of NYSE advancing stocks, less the number of declining stocks). The trend in TICK is as it should look with the market, but that trend is starting to show signs of a crack below the trend line.

I'm really trying to be patient in not pulling the trigger to early. To me, just from intraday experience, it would seem too early in the day for the market to reverse and hold those losses through the close.

I'm going to look at some other indicators and charts and see if I can get a better feel for what's going on. This could certainly be an intraday pause.