Closing Indications

 The rate of change in the SPY is obviously turning down.

 The 1 min intraday was negative at the highs, this late move to the upside is merely in line.

 As I mentioned yesterday, the market seems to be like a thin branch sticking out, the longer term timeframes continue to add to the negative divergence, here's what the 2 min added in the leading negative today.

And the 3 min, both of these in depth and length are of sufficient magnitude for a decent pullback, the question remains whether that pullback goes extreme as we have seen recently.