Market Update Charts...

So far as of this writing, the $AUD & EUR are moving in to positive divergences although it's early. The $USD is seeing price bump to the upside, but doesn't have very good 3C support on an intraday basis, but has excellent support where it really counts, the 15min - 4 hour charts, that's what counts moving forward. Intraday the Yen hasn't seen a negative 1 min divegrence, but again where it really counts out at a 60 min chart, there's a strong negative and this is what helped the market last night, this is the only real help the market will get moving forward it appears.

As for the averages, they are starting to get their intraday act together...

 SPY intraday

SPY 2 min

DIA intraday 1 min

DIA 3 min

QQQ 1 min (I will get a full set of QQQ charts out, as the Q's and IWM have held higher ground the longest, they have some of the worst looking underlying trade because they have been in great position to distribute in to).

QQQ 2 min

IWM 2 min

SPY TICK Chart is improving, this isn't a slam dunk yet, but it's decent improvement on the day.

The NYSE TICK channel for today is pretty defined, just draw in the trendlines and a break above them will spell a change in character intraday