Update

This is EXACTLY the possible bear trap set up I warned of in the first chart, note volume pick up as support of the intraday bear flag was broken-that's shorts (most probably retail) shorting the break below the bear flag as they always tend to look for price confirmation before entering-or what is often "chasing"

The SPY is pretty much in line on the 1-2 min charts with the move lower intraday. As far as the trends of these charts, there's only confirmation of the price move down in the SPY on the 1 min, the 2 min, 3 min and especially 5 min were in such strong leading positive positions that there's nothing even close to confirmation on the longer term trend of the SPY.

QQQ 1-2 minute are in a relative positive divergence.

The IWM 1 min is in a relative positive divergence, the 2 min is in a leading positive divergence

The DIA 1 and 2 min are in a leading positive divergence.