Market Update

As suspected early this morning, this move too would be faded. The 1 min charts in many of the averages seemed to be in confirmation or close to it for today, but the damage had already been done on the longer term intraday charts which deteriorated even more today. It's almost like a very thin facade of strength wall papering over some serious rot.

 DIA 1 min

 DIA 3 min

 IWM 1 min

 IWM 3 min

 QQQ 1 min

 QQQ 2 min

 SPY 1 min

SPY 2 min