Quick SPY/Market Update

As you know, for the last two days I have expected a pullback to materialize, so this morning's action thus far is no surprise. Remember the warning of the F_O_M_C "knee-jerk reaction"?

An initial pop, whether F_O_M_C or EU news on the ESM/Bond Buying or both, we are clearly making lower highs since...

 The opening action in the SPY is nearly perfectly in line with price...

 However this longer term 15 min chart has been pretty convincing for me in expecting a pullback in the market.

The 5 min SPY chart is also in leading negative position, close up the movement of 3C and price are nearly in line with the exception of the 5 min chart having a new lower low currently, simply suggesting the pullback is here.

If anything jumps out of the other averages I'll update them.