Intraday Update

So far, things are pretty slow except in the stronger timeframes beyond intraday steering, but not so far out that they are a ways a way, I'm talking about 3 min charts leading at new lows as posted the last several days and today, but intraday it's different.

 SPY intraday today... there's a series of small divergences, steering divergences, nothing very big, just jeeping things on track.

This is the intraday view of the 3 minute chart with the approximate location of the top of the SPX's range (yellow trendline).

Of course the 3 min chart in context is a different looking animal than intraday, I'm just assuming you recall it, but I won't assume, here it is.

From the last base at support ... SPY 3 min

 

 The Q's intraday looked similar, they look a bit worse as the afternoon l progresses.

IWM is nearly perfectly in line 1 min intraday

HYG however, like other leading indicators like Yields is lagging the SPX rather than leading or confirming, it's almost flat on the dat (red).

The intraday chart for HYG looks very different...

And the trend chart for HYG looks similar, but worse (5 min).