FINANCIALS

This is more geared toward intraday analysis at this point.

 The SPY 1 min intraday has pretty much deteriorated pretty rapidly since I mentioned the appearance of the start of the first negative divergence, it's clearly leading negative and on this timeframe is a strong intraday signal.

The real health of a divergence (and as stated many times this week- ALL new divergences regardless of timeframe, start on the fastest or shortest timeframe charts first) as most of you know is the migration effect of moving from a short timeframe to a longer one which is a stronger divergence and shows the typical pattern of strengthening of that divergence.

The trend of the 1 min chart is important also because we did have some interesting divergences prior to this week, but as I mentioned early this week, the intraday moves this week have been very sharp and stronger/larger than usual.

 This is the intraday 2 min moving from in line to the start of migration to the next timeframe (recently this week it's been about an hour to migrate from 1 intraday timeframe to the next).

 This is the 1 min XLF trend that has also seen some very sharp moves this week.

intraday 1 min today is showing a negative and start of a leading negative divergence building from a VERY late in the day positive near yesterday's close.

Intraday the 5 min chart hasn't seen movement yet, it has to go through 2 min, 3 min then 5 min, but again the trend recently has been very sharp to the downside.