Quick Market Update

We have intraday negative divergences in just about every average, but as I said earlier, we'll likely see a pullback or the best scenario would be a trading range for accumulation to take place through as it rarely happens chasing higher prices, the intraday negatives seem to be aimed at controlling the intraday trade and creating the range or perhaps pullback.

 As we near the bottom of the range, we'll see if we have positive divergences, this is what I expected earlier in a market update.

 The 1 min intraday chart seeming to pull the DIA in to a range.

The 3 min chart still leading positive. In this case we should see some positive divergence in the 1, 2 and 3 min charts near the bottom of the range or under it in a pullback, however we should see the 5 and 10 min charts improve as well.