Financials Update

Financials aren't looking that great here, sometimes you have to look a little further...

 1 min XLF positive on the open, but small, then a leading negative dip, otherwise in line, but...

 Look at the longer 1 min trend and the in line downtrend is VERY leading negative at the last 2 day's price action. The 1 min chart didn't even attempt to confirm.

 Longer term 1 min chart back to the market wide accumulation on Aug. 2nd (Same day as Goldman's long Euro Call), a deep leading negative divergence.

 2 min chart intraday seems to be perfectly in line.

 However the trend shows a different story, again the accumulation of 8/2 and a nasty leading negative divergence has migrated from the 1 min chart.

 3 min has some in line moments intraday, it is seeing a leading negative divergence from 12 pm today

 And the trend, leading negative.

 The 5 min trend  is very clean lower highs/lower lows, and migration from every timeframe from 1 min to 3 min intraday timeframes to the 5 min that is more of an institutional underlying timeframe rather than an intraday timeframe, although when the intraday charts trend like that, you can't ignore it.

The key 15 min chart and the negative divergence where we set up core shorts in March, the positive divergence on the bear trap head fake move in early June and a nasty leading negative trend as Financials moved in to higher prices which is what institutional money needs to unload their large positions, demand and higher prices. Now that all the timeframes are aligned, it looks to be the pivot.