Market Update

I'm trying to look at as much as possible to include in this update, but there's also a time sensitive component.

To summarize today, the intraday charts like 2, 3, 5, min etc and the intermediate charts have been deteriorating all day, the longer term charts are pretty much there and longer than the initial negatives were when trend #2 was forecasted, meaning a worse downside reaction than expected.

Back to the theme today, while this was going on, the market derived support from 1 min intraday charts, they have very little influence, but they are intraday and moving the market intraday is what they are designed to do, I'd call it a veneer of underlying strength under a foundation of corrosion.

Whether this is in to the close or in to tomorrow or what, the market's underlying trade is deteriorating badly now as even the 1 min intraday charts are starting to blow.

The QQQ is kind of in a short term confirmation area as AAPL looks like it can add more. I'm going to look at leading indicators and then try to get up enough charts that this al makes sense visually.

To put it another way, I don't have any problem with short positions added Friday