Intraday Update

2:39 p.m. ET SP-500 -1.3%, Dow -1.1% (Transports -1.6%), NASDAQ-100 -1.5%, Small Caps -1.6%) As price is nearing a test of the last remaining unbroken large bull flag (Small Cap IWM), the cash 3C charts are showing some intraday improvement. In the last post I mentioned some heavier buyside volume in index futures, but no…