Volatile Market Moves

We've seen some volatile move in assets such as oil in particular. The VERY short term intraday charts seemed in many cases to pick up their positive divergences at the dip, unless they are run over like this dip did on some other earlier 1 min positive divergences, I'd expect some upside movement before the close as we have had hints of that all day, still the broader, more important trend/signal remains a very weak negative divergence on the 5+ min charts which suggests other than some distraction type volatility, the more immediate/larger move beyond intraday volatility is going to be down.

 DIA 1 min leading positive at the dip

 The 2 min chart has a relative positive, it's a weaker divergence.

 QQQ 1 min with a leading positive divergence at the dip

 Even as early as the 2 min QQQ chart, there's no positive signal at all.

 SPY 1 mi with he original divergence (Diagonal) and a relative positive in to the dip.

 as early as 2 mins, no o positive strength on the chart.

 USO 2 min was deteriorating all day today as you can see.

 USO 3 min with a relative negative divergence at local highs.

 GLD 1 min positive divergence on the dip.

 There is positive strength on the 2 min GLD chart here.


However like everything else, at 5 mins it's negative.

Again, I'd suspect some brief, bur perhaps impressive move to the upside followed by a larger move to the downside, however it seems world events are taking the spotlight away from the F_E_D's  direct I.V. of green backs in to the market, the market doesn't like uncertainty and certainly not on this scale.