SPY/Market Update

Just had a little VMWare problem, in any case, the market is doing as expected as it was chopping around laterally.

The 3 min chart was last at the local low, it has moved to a new leading negative low as prices remained in a range, this is often a sign of distribution (the price range alone).

Now we are just starting to see the SPY break apart, but the selling in to strength seems to be pretty clear.