Intraday Update

Divergences in all of the futures are not much sharper and price is taking on a parabola, rounding down look.

As for the averages, they are negative too as well as some important industry groups.

 SPY- just like last week Thursday/Friday on intraday fade trades, as soon as the divegrence was in, that was the end of the price move and area for a fade.

 QQQ as well, divergent at the same time as NQ

And IWM which has been leading negative since the open.

Financials/XLF also leading negative

And TECH / XLK also leading negative.