Quick Market Update

Since the last update there have been some not so exciting intraday trade in both price and 3C; they have managed to keep the market in a range, as you can see there's VERY little movement in the major averages, for all intents and purposes this is a FLAT market or you might call it consolidating. Weak divergences have been known to create consolidation patterns like what looks like a bear flag in the SPY...

However, unlike the bear flag of mid-May in which we could see accumulation and knew it was a false price pattern or a bear trap that set up a short squeeze, so far this continued consolidation isn't adding anything to the mostly weak divergences in the market. 

I'll keep watching, I am nearly finished with a larger and very interesting post.