As the market was making new highs, the $TICK MA on the 15-minute chart was not, which is a bearish divergence.
Interestingly, both the small and large cap indexes are doing worse than the Transportation and Financial indexes. A mixed signal.
The tumble was more than expected especially with the Transportation and Financials doing so well. But the $TICK divergences on the 1-minute and 15-minute charts rule today.
Charles
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