A.m. Market Update

 DIA 1 min leading positive, signaling a pullback or consolidation

 2 min chart not effected, still leading positive strong, I'd think the indication above is exactly what I said, a pullback or consolidation.

 3 min leading

 5 min leading-this is pretty early for a 5 min chart to be leading.

 QQQ 1 min showing the same neg. divergence suggesting a pullback or consolidation

 2 min chart is in line with price, no indication of a negative divergence.

 The 3 min is slightly leading

 And the 5 min is seeing that 3 min chart bleed over, slightly leading

 SPY 1 min has stayed positive and in line.

 The 2 min chart is nearly perfectly in line (trend confirmation)

 There's a slight leading component to the 3 min, there was an early small negative on the open.

The larger view of the 5 min.

I'd say from what we are seeing thus far this is a simple pullback right now.