The IWM did pullback and saw accumulation of the pullback, other averages like the Q's looked like they would and may still look like they will, I suspect we will not get a move higher that sticks (bounce) without a wider base like the IWM.
Here are a few charts.
IWM 1 min with a positive divegrence at its pullback today,
this is what I expected to see.
Overall this is adding to the IWM 5 min positive
As well as the 15 min.
The SPY hasn't done much on the pullback side, but also hasn't lost anything.
?Note though the 10 min chart hasn't gained much either.
QQQ 1 min looks like it will still pullback intraday with this negative divegrence.
It can even be seen on a 5 min chart so I suspect we are still looking for the same thing as we were on Friday to lead to a bounce.
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