DIA example

 The daily DIA and the head fake aspect-the June 6 lows were a solid head fake move we saw over a week in advance, still it had to make the head fake move lower. We've been seeing pretty solid negative signals almost market wide since Friday, yet it seems we have to make the move higher-as I mentioned last night, the more longs that can be pulled in, the more effective the head fake, but volume looks like there won't be too many more.

 Forget the leading negative 15 min trend and the distribution areas vs the accumulation area from Thursday and the difference in size.

 The DIA 5 min trend over the last 3 days vs the accumulation period Thurs.

 The 3 min trend over the last 3 days vs Thurs. accumulation.

The 3 min chart intraday with a new low in to a price pattern at the orange area that looks like a bearish ascending wedge.