Market Update 2

Since there are way too many timeframes in the 4 averages (charts to post) I'll use the strongest, IWM as an example and show a few in the other averages either showing some of the intense action or the intraday positive that held the market up, then it's back to looking for positions.

 IWM 1 min fast deterioration

IWM 3 min trend leading negative

IWM 3 min intraday to show how fast and strong the recent divergence has been

IWM 5 min leading neg., again very fast, deep and strong.

IWM 15 min, the 8th pops up again as where it seemed the original plan was modified, otherwise leading negative.

IWM 60 min leading neg.

IWM 2 Hour.

DIA 1 min shows nasty downside and the relative positive divergence now. This is partly what we are waiting on in some positions, for this to turn back negative as it is a timing key.

 DIA 10 min, very extreme

DIA 60 min

QQQ 3 min shows the intraday positive

QQQ 15 min trend, leading negative

QQQ 15 min intraday sharply leading negative on a longer term timeframe, these 15 min. charts don't usually move that fast or nasty.

SPY 10

SPY 30, another very fast move for a very long chart.