Quick Market Update

 Earlier I mentioned the SPY coming up to first and strong resistance, note the small candle at the white arrow as momentum fades at resistance.

 The 1 min chart is going negative here, as is the 2 min below. Thus far I would think the very early parabolic move will create a consolidation here.

 The 5 mi chart is still holding up in a positive leading divergence.

As I always say about parabolic moves, I don't trust them, they tend to fail just as spectacularly as they move up, however at this point it's too early to call for anything other then a consolidation, but I'm going to dig deep and look around, I may be slow on email responses so if it is urgent, put "Urgent" in the subject line.