This is a pretty decent size update, but it shows the recent action and changes over the last few days and for those using 3C, it's a good overall set of charts to learn from.
This is the intraday negative divergence that is in all of the averages (1 min).
To give you an idea of scale...
This is the same timeframe, just zoomed out showing the positive at yesterday's lows and where today's negative stands, it's not really deep, but it's noteworthy.
The divergence is also moving through the longer timeframes so there's something to it.
Yesterday I noted some longer term (5 min) charts were showing positive data, to me suggesting the price level where distribution took hold as price crossed above resistance last Friday (seen to the left) would likely be breached on the upside and that's where there's very fertile ground not only for strong signals, but strong moves.
DIA acting the same way from yesterday;s accumulation at the lows to today's negative divergence
The longer term 5 min positive in the DIA.
IWM intraday acting the same way...
2 min acting the same way
At 5 min there's no negative action and below we transition...
This is 1 of 2 10-min charts that have a positive divergence.
QQQ with the exact same theme on the 1 and 2 min
And the positive 10 min mentioned yesterday.
The message here as the charts stand is short term or intraday downside, but taking out resistance on the upside is still high probability.
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