***Market Update

This is a comprehensive market update and is pretty clear, this is not an intraday update.

These are the the Russell 2000 futures.

 This is the longest of the charts at 1 day, I think the divergence is pretty clear, it's much larger than just the last cycle.

This is the 60 min chart, it does include the last cycle, the negative divegrence we saw at the top market wide starting very heavy around the 18th and in yellow is the area last week I suspected we'd see as a "Wide Choppy Zone". 3C on this chart is still depicting a leading negative divergence.

Friday I talked about this at more length and even drew in an estimate of what such a zone would look like, you can find that post here. And the chart that I drew in last Friday is below.

This is just a guestimate based on Friday's charts, but so far pretty accurate.

 This is the 30 min R2K futures with the negative at the top of the cycle sending prices lower and the smaller positive which is what led to the assumption of a move up creating a wide choppy zone. I believe it will be temporary before a continuation of the trend rolling over to the downside, but we'll confirm with current charts and indicators.

This is the 15 min chart with a positive off the lows and the bounce from there.

The 5 min chart is in line with price thus far and...

The in min chart is where a new divergence for a move down would start and move to longer charts like a 5 min/15 min etc. This is a negative intraday, I can't say for sure it is a negative that will turn price down and create the down stroke in price that defines the Choppy zone", but it is getting larger/


So far this is in line with expectations based on the charts and expectations were laid out well before price moved so thus far I don't see anything of concern, but we'll keep checking indicators and opportunities, choppy zones are not easy zones to trade typically, but they are often short duration.