Averages Update-Nothing on the upside to get excited about

You can basically read the last paragraph and get the gist if you like.

The QQQ 1 min is VERY hard to call a positive divergence because it's leading negative so bad, but we are looking at the larger picture from the 1 min chart showing a leading negative divergence from late Friday through all of today, this is not good .

If we look at the 1 min chart on a zoomed intraday basis then we see the distribution right on the open and a small relative positive divergence, this is really so small it's almost totally insignificant, but with the set up in the EUR/USD, even the smallest details aren't insignificant right now.

The 2 and 3 min charts are for the most part in line intraday. The 5 min above is horrendous, but intraday that little white arrow does count as an intraday positive divergence, it is so small compared to the leading negative, you can assign probabilities according to their size.

The SPY intraday timeframes and intermediate are all leading negative badly, on an intraday basis there could be an argument made for a relative positive divergence, but if the EUR/USD didn't look the way it does, I wouldn't even give it a second thought.

The DIA 1 min was mostly in line earlier, it ha deteriorated.The 2 min DIA you could make a case for a small intraday positive divergence, the 5 min leading negative is so huge compared to it though it wipes it away. That's to say nothing of the 10-15 min charts that are leading negative.

THE IWM 1 MIN IS IN CONFIRMATION, YOU CAN KNIT-PICK AND CALL THE 2 MIN A SMALL INTRADAY POSITIVE, BUT THE (sorry for the caps) 5, 10 and even 30 min just blow it way with leading negative divergences.

The entire point here is if we even give these small intraday positives the benefit of the doubt and cal them positives, they would be exactly in line with a head fake break out in the EUR/USD that failed and too everything lower.