Quick Update

The averages are starting to see more defined differences in relative performance of underlying trade.

The 1 min 3C chart for the most part don't look great, not even really that good, but charts that are a bit more important like the 3 min is starting to shape up in the QQQ, the IWM is where there's poor relative performance, perhaps the two minute chart shapes up, but overall not impressive.

The SPY 2 and 3 min charts are moving in the right direction, but they aren't all that strong, the QQQ 3 min looks better at this point. Finally the DIA looks bad on the 1 min, it's just starting to lead on the 2 min and we'll have to see if that can migrate out to the 3 min chart. I'd say we still have some upside intraday at least ahead of us, but I was looking for 3C weakness on this move and we have it.