Quick Market Update

So far the market is consolidating. As you may have heard, they found what is being called a "Novelty Grenade" at the World Trade Center. It appears the all clear has been given.

Here's the SPY 1 min...

A 1 min negative divergence can cause a consolidation like this, especially in a resistance area, but so far there's been no improvement. The 5 min chart is still positive so I'm not panicking here and assuming this is still a consolidation, however I'll keep you informed on any big changes.