Quick Update

The bounce off the 2:09 lows this afternoon was not as strong as you might think, take a look at a NYSE TICK chart (intraday 1 min), 3C shows the same.

I'm going to do some checking around, the one saving grace for a bounce (because that counter bounce wouldn't convince me if that were the only metric to judge by), is still the longer term 15+ min Index futures and their leading positive divergences plus some of the averages in similar timeframes.

I want to check some of the more obscure data that most people miss or don't know about, just make sure there's nothing sneaking up here.