Market Update

So far there's nothing of any great interest on the averages, I'm using the DIA as an example as there's negligible difference between the DIA and the other major averages, not enough to warrant putting up 16 charts that all basically show the same thing. The futures look a little better as they are in a more positive position, but still not impressing with leading positive divergences or anything of the like.

 DIA 1 min from yesterday's weakness in underlying 3C trade showing a small positive divergence.

 The 2 min has a tiny bit of that positive that has migrated from the 1 min chart, but for the most part I'd call this simply, "In line" or price/trend confirmation.

 DIA 3 min chart is roughly in line as far as where price and 3C are, but there's no intraday strength there at all, at least not yet.

The 5 min chart shows yesterday's early positive divergence, about where some of us bought long leveraged ETFs for a bounce, I opened a URTY position and closed half at a profit after seeing the negative divergences, this chart is perfectly in line with price, there's no negative or positive divergence, it looks as if nothing is really happening in underlying trade which may be the case as the Spanish Banking System review in due out in about 35 minutes.