ES is Now Turning Sharply Negative

I don't think this changes anything as far as what I said about the 5 min charts needing to be negative like the 7 min charts, but I think the 1 min charts going as negative as they have is the catalyst to the 5 min charts going negative.

Very interestingly, in to this move the TICK absolutely failed, a trend of more stocks selling than being bought in to higher market prices was occurring, this isn't the best scaling, but I'm sure you can get the gist.

TICK should have at least remained in its channel which it broke down from showing the trend of more stocks being bought (breadth) intraday failed and reversed to more being sold in to higher index prices (SPY in red).