The IWM "was" the only of the major averages that made a gap fill just about 30 minutes ago, but while there's support , it looks like they're trying to get the rest of the averages at a gap fill as well, remember there's still market makers/specialists holding inventory from higher levels, especially if the PBoC action came as a total surprise and Fundamental event with no discounting and they weren't able to adjust inventory.
Thus, since the last update...
Here are the averages, all looking like they'll make a gap fill except maybe the DIA which is not shown, but it looks a bit weaker intraday although it may draft the broad market.
SPY 1 min looks like an aggressive move toward a gap fill (the thin light blue line around $206.60)
SPY 2 min with a leading positive divergence, I suspect this is still all about a gap fill
QQQ as mentioned earlier is in line, it's very close to a gap fill at the green trend line.
QQQ 3 min for some context.
And the IWM negative divegrence remains as it has already filled the gap, I suspect it's seeing some selling/short selling above yesterday's close (gap fill).
And IWM 2 min for context, again the same negative divegrence.
The NYSE intraday TICK has been n a long, but steady uptrend, again likely toward the end of a gap fill, watch TICK for a break below the channel as that will signal a changing trend and give you early warning.
As for futures...
ES 1 min saw a positive divegrence at its intraday lows this morning and has been in line since,.
TF 1 min is still negative, but has a bit better tone than the last update
NQ is popping in a parabolic move,
I never trust them and has no 3C support, which looks like a very clear gap fill as inventory is sold as areas near the close yesterday by the market's middle men.
Again, keep an eye on TICK, it will usually give you an early heads up, but I suspect at least the SPY will make a gap fill first.
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