Still consolidating

Still consolidating at 10:36am.  7 & 17 EMA still pointed north for TNA.  This thing wants to rise, it just needs to be untethered from the market... but that will never happen.  They tend to be closely correlated.
SPY now dropping at 10:38, retesting 156.16 support.  QQQ retesting support at 68.96.  TNA is dead in the water until they make up its mind.
10:40am:  TNA dropping as it channels.  Now below the 7 EMA and struggling to get back above it.
Minimal volume in all three Issues.
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10:43am:  SPY just ticked to LOD.  Sure seems to me that SPY is being driven down to test the close from yesterday; lower highs and lower lows.  Now QQQ has cracked the LOD.  TNA is following.  Volume pop may have indicated some buy-stops triggered in TNA?  Volumes increasing in all three.  Real drop or fake out?
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10:49am:  SPY making new lows tick by tick but TNA still showing relative strength... hasn't yet made a new low since 10:00 am.

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QQQ's back toward the middle of consolidation but SPY still weak and holding below moving averages.  TNA beginning to show some weakness at 10:52.  Not good for now.

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10:57am:   SPY making a run at 156.16 s/r and has recoiled after hitting it.  TNA made a corresponding run up in sympathy.  The markets have to break resistance here for anything to get going.  The next hurdle will be a higher high on the 5-minute candles.
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Getting some volume in all three: Q's, SPY and TNA.  TNA making a run at the hod.

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11:02am:  SPY hung up at 156.30 resistance, which corresponds to trendline resistance.  Same with Q's.   TNA stalled at 39.54 as a result.
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11:06am:   Indices trendlines held for now, price dropped away from them.  TNA responds by dropping back into consolidation to the 7EMA.  No new highs yet.  Can the Q's and SPY hold a higher low?  That would be some encouragement... perhaps move into a coiling pattern from the current lower lows and lower highs.
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11:09am:   price pop on the indices to above their 7 EMA's leaving long lower wicks.  Great sign.  TNA responds with slightly higher price but hasn't 'taken off' yet.  TNA volume rush as it challenges hod.  New hod in TNA but indices still struggling to break trendline resistance.
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11:12am:   Q's and SPY struggling as sellers continue to get out and not enough buyers to take over... trendlines still holding.  TNA holding resistance at high- 39.60's.  The good thing is there hasn't been a big volume spike in any of them to indicate a major reversal...
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11:18am:  Price made a big run and now the big volume spikes are coming in.  I exited half my TNA for a $124 loss.  Exited my TDAmeritrade long in TNA at $39.82; a trade that I hadn't made notes of here on the blog. Gain there of $180.

11:21am:  Exited the remaining 1000 shares of TNA after big volume spike in the 11:15 candle.  Loss of $81 on that. Price pulled back from there but may run higher after the market digests this move.  Yesterday was such a huge move down that there is a lot of built up energy to the upside once the selling clears.  TNA holding 39.81 support.
Total loss of $205 on this trade, offset by a $180 gain in the TDA retirement account.  Net loss of $25 on this fiasco.