IWM Intraday Break

The intraday charts are generally those from 1-3 minutes that guide the course of intraday trade, when they are in line, the trend that is in effect is assumed to be confirmed and stay in effect until there's a divergence, it's what we call "Confirmation of the trend", which is what the 1 min IWM chart has shown all week, well it started to weaken Tuesday toward the close of the half day, but today it confirms that break in confirmation.

IWM 1 min chart this week.

Just as I posted this in the last post I notice the IWM's price breaking up right now.