Quick Market Update: Trying to get a Toe Hold

The market is NOT accumulating the downside, but it is trying to catch a toehold on this decline.

 NYSE Intraday TICK, pretty solid selling, but it looks to be trying to get a toe hold here.

 SPY intraday, this isn't accumulation of the lows, it's the slightest positive divgerence after being in line on the downside.

 The same applies for the IWM, again, not accumulation as a head fake for a bounce, at least no sign of that yet. This looks more like a toe hold attempt.

 And the Q's that never confirmed the gap up this morning are in line but price has caught down to the 3C divergence. Remember these are intraday and remember what the larger, bigger picture charts look like, which is the reason this has never been any kind of long bounce trade opportunity, but rather leave shorts in place and add to them on any price strength,, this is a perfect example as to why.

And the custom TICK.

More as it comes in.