Market Update

Well the earlier 1 min charts have given way as they seemed they would, here's what we are basically looking at right now.

 The IWM was one of the averages earlier showing a slight leading positive divergence as it headed to fill the gap, that has disappeared and it is now in line or price trend confirmation.

 The IWM 5

 QQQ was one of the charts going negative or in the very early stages of doing so at the last update, it went even more negative and is now in a leading negative divergence, however there is a slight relative positive inside that leading negative, it may be nothing or it may cause a little intraday bump.

 The QQQ 5 min QQQ is looking really bad here.

 The SPY was the average that was exactly in line this morning, it remains so as it and 3C make a lower low.

I'd like to see this 5 min chart make a new leading low, within this already very ugly leading negative divergence.