Intraday Market Update:SPY

In addition to the QQQ negative intraday signals posted earlier, the SPY has joined the QQQ charts. The IWM has been the under-performer while the Industrials and transports are about as far from Dow Theory confirmation as is possible...

 SPY 1 min

 SPY 2 min

SPY 3 min and with that, intraday migration to perfection. The 5 min chart is starting to feel the leakage as well...

SPY 5 min intraday is slipping in a flat range which is where we most often see accumulation/distribution