Market Update

The 3C/Price action has been pretty consistent this morning, nothing too exciting, but in the last several minutes there has been some sharp (albeit short term timeframes as divergences have to start somewhere and it is on the short/fastest charts first) downside 3C action, particularly in the SPX, QQQ and the IWM to a lesser extent. The only holdout so far on the short term charts has been the DIA/DOW.

TLT/20+ year treasuries showed a positive change yesterday as the gap was filled, the positive behavior continues there, but on the very short term 1 min chart it is seeing some negative divergences as this noon time slightly higher intraday high has been made.

With regard to short term volatility, there has been both intermediate improvement to join the already present longer term positive character and the short term has been positive to extremely positive this morning and especially in the last hour or so.