QQQ and IWM

The intraday charts on the QQQ and IWM are , well at least in the IWM's case, not surprising until we get to its 5 min chart, then it's a bit surprising.

Take a look...

 QQQ 1 min is similar to what we saw late in the day yesterday in the IWM.

QQQ 2 min shows the same, but much smaller

And the 3 min the same, but much, much smaller. There's a huge difference between 1-3 min charts and a 5 min chart. Now look at the IWM.

 This is what we saw develop late yesterday in the IWM intraday charts, 1 min

Same in the 2 min, you can see the previous pump was quite a bit larger.

At 3 min it's loosing some of the sharpness.

Something interesting happens at 5 min where the larger institutional trades can be picked up on an intraday basis.

The pattern of pump and dump is slightly out of scale to fit this new divergence in, but this new area is leading negative as of yesterday's strong move in which the IWM led, this is clear deterioration away from the pump and dump seen on short term charts and don't forget we already have significant deterioration on charts that really count like 60 min.

I'm not sure what they are up to exactly, but I'd be on my toes and looking for decent entries in positions you like and remember they have been dumping.