Quick Market Update

For the most part, the trend in the Index Futures intraday as well as the 1-3 min and now some 5 min market averages continue negative, there was a noticeable 1 min positive divergence at the Flash Crash intraday lows, headline scanning algos were likely first to find out the AP Twitter story was a fake and were the fastest to move in and buy the deep discount intraday, but the overall trend keeps deteriorating.

I wonder if we do see the downside that this trend has been suggesting before AAPL earnings tomorrow or if this is selling in to strength in advance of the AAPL earnings, whether good or bad (market positive or negative as earnings don't matter anymore). In any case, it would seem AAPL earnings will likely be the final catalyst to trigger the transition from the short term move up we have been looking for and now have (to what degree is still unclear)  to the longer term negative price trend to the downside.