Market Update cont...

Again, thus far 3C trade looks much better today than yesterday

 DIA 1 min leading early on with a negative divergence, this seems to me to be ca consolidation or a battle as there are several resistance areas that technical traders would view as a shorting opportunity.

 2 min again leading early on, went slightly negative to bring the DIA in line.

 3 min leading positive above much of yesterday's highs, a slight negative which can lead to either a consolidation or pullback on these timeframes, currently about in line.

 The 5 min suggests that this is a consolidation as it is leading positive above all of yesterday

 IWM 2 min was very positive on the open and leading above all of yesterday, it went slightly negative in the flat consolidation area (consolidation at least thus far).

 IWM 3 min positive on the open, leading positive above all of yesterday with the same slight negative divergence in the consolidation area.

 IWM 5 min is leading positive, no negatives, and above most of yesterday, this leads me to believe we are at a resistance point/consolidation

 QQQ 1 min leading positive earlier, went negative and thus far has been consolidating sideways through time.

 QQQ 2 min with a strong positive divergence on the open, a leading positive above all of yesterday and the negative seen in every other average

 QQQ 3 min in line with a slight leading negative at the consolidation area.

QQQ 5 min leading positive, no signs of a negative divergence, above most of yesterday's trade.

 Traders often watch the 50bar 5 min moving average, you can see it act as support and resistance, this is why I think shorts are lining up here at resistance leading to the consolidation. The 5 min charts seem to indicate this will resolve to the upside, but its still early on those charts.

There's also resistance in the form of yesterday's support, once broken it becomes resistance. I think there's a little battle going on here between shorts and...