This market is going to move faster than I can capture charts and post, but this is what the SPY and QQQ, which were the only two really with intraday positives, still very small, the IWM has stayed negative even intraday the same as the futures.
The difficult task here is to show the intraday charts without misleading about what their longer trends look like, SPY 1 min intraday, this is a very weak divergence and very new, in fact as mentioned above, if I recaptured it again right now it would be run over and leading negative intraday now.
So far this 2 min is holding up still...
pretty much all activity stops at 3 mins, this trend is much worse than it looks, but I'm trying to deal with intraday, Post F_O_M_C signals so no strength to 3 mins.
The QQQ 1 min, very weak and young, already run over....
However this 2 min, is still in place so I wouldn't make judgements just yet, it's too early, but these 2 min charts holding are interesting and suggest the market is trying to put something together.
While the 3 min is leading negative and in a big way, the intraday if zoomed in tighter is also in a positive divergence here.
At 5 min there seems to be no hope at all right now, still intraday negative and long trend negative.
The IWM 1 and 2 min charts are in line with price, but the 3 min "may" go positive, it hasn't locked in yet.
Give the market some time to settle and some trends to lock in.
Meanwhile I hear NASDAQ has declared self-help so just another sign of what's going to happen when the stuff really hits the fan, markets locked up and shut down.
I'll bring you more as I have it.
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