Market Update

In the last update this was one of the first things said,

"The Indications since that news broke show what should be a slowing or stop of the downside momentum in the DIA, the QQQ is also starting to show signs of the same, the SPY and IWM are in line thus far."

Not even 5  minutes later, that's exactly what happened.

So far the DIA's 3 divergences from 1-3 min (these are the fastest timeframes and will be the first to respond) are improving, the QQQ 1-2 min charts are improving; the 1-2 min SPY is just starting to show some improvement as it moves ahead of the former "in line" status. The IWM has a slight improvement from the inline status.

In Futures, the ES is in line (similar to the SPY) and the NASDAQ futures have a surprisingly strong positive divergence (similar to the QQQ). 

Don't be surprised to see some backing and filling, testing of some lows or reaction lows and/or lateral trade for a bit.