Quick Market Update

The market is starting to move fast in 3C signals so there won't be any charts.

The QQQ 1, 2 and 3 min charts are all turning decidedly negative, the 5 min chart hasn't quite got there yet.

The IWM 1 min chart that was in line earlier is now negative and this seems to have caused the 3 min chart which was already negative to move to a new leading negative low for this 3C leg.

The SPY 1, 2 and 3 min are turning negative, obviously the 1 min has a stronger negative and the 2 and 3 min are less severe at this point (that's how migration of divergences works). I'd say the SPY so far has the least amount of negative posture, which makes sense as it has spent the least time above resistance.

It's kind of the same story for the DIA as it was in the same boat as the SPY yesterday, the 1 and 2 min charts are definitely negative, it has barely touched the 3 min and has not touched the 5 min at all yet.

Remember too this is still VERY early in the day and a lot can happen, but the reason this is important in because I believe when we do get a reversal, it will be fast so any thing that pops up I want to share with you.