[mkt time frame] min chart important, but so is mid term trend

DIA/SPY did a three day consolidation and now is sitting pretty as a "N",

last time, in late Aug early Sep they did a "W",

so keep that in mind, maybe this time it would be faster, maybe not, but nothing to get scared about to lose the direction,

meanwhile, today we start to see some spec activities, remember it's only the first day,

wait till the day when you kick yourself that you didn't take the biggest and riskest position,