Market Update

I don't think this consolidation/potential pullback is quite done yet. A pullback in to the close would get shorts putting in limit orders (retail) tomorrow a.m. thinking we have a failure of resistance, on the other side, a blast through resistance would have BTC orders going out in the a.m.

To me, there's some improvement, but this consolidation or what could be a pullback is not through just yet.

 These are all intraday charts, so don't confuse them with the bigger picture 15-30 min charts. The DIA from the negative divergence that halted the upside momentum and sent the DIA lateral the rest of the afternoon saw one relative positive divergence, but is yet to move back in line with price.

 The S&P E-mini Futures (ES) saw the same 1 min negative divergence at the same time, pulling ES back a bit, there's some improvement as you can see, but it's not a strong signal in which I would say this resistance/consolidation area where I posted this a.m. I expect to see some Wall St. games,  is over yet.

 IWM 1 min intraday negative divergence sending the IWM lateral, there's a small relative positive and an attempt to gain some ground, but not in line with price yet.

 The longer IWM 3 min char has a very slight hint of a relative positive, the short timeframes have to get strong and they will bleed in to the longer timeframes, when the longer timeframes like 3-5 min jump in line, I would say the consolidation in this area is ove, but we really haven't seen any major Wall Street games yet, just some resistance which is normal, I expected in my post this a.m. so more volatility in this area.

 QQQ 1 min, the same relative positive and some additional 3C gains, still not in line, still not enough to bleed in to the longer timeframes.

 For instance the QQQ 5 min , this will need to get back in line, although Es could pull that off overnight.

SPY 2 min working on a positive move, but still not in line (remember these are very short term timeframes and do not have anything to do with the bigger picture, like the bullish 30 min positives.

 The Euro is showing some 3C momentum, but it is still consolidating

The 3 min Euro will have to improve, for that to happen the 1 min chart will have to get much stronger.