It appears from intraday action, HYG activation was likely to try to hold the close, this is some very ugly intraday action, lots of selling in to it.
The DIA is the first average close enough to taking out the "Gas in the tank" charts. The others are just deteriorating more, but not as much join the way of migration yet. You'll see below.
SPY 2m
SPY 3m
IWM 1 min
IWM 3 min
QQQ 1m
QQQ 3m
DIA looking the worst 1 min
DIA 3 min
DIA 5 min
DIA 10 min
And TICK still can't get off its back!
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