ES Update

I was surprised not to see any positive divergence in ES this morning, it's there now and right at the lows of the day.

ES divergences tend to be a good timing instrument, the only time ES stayed negative for over a day and didn't respond price -wise is when we were at the top of this week's market move up, ES was showing an extended longer term negative divergence from which the market fell. It is rare when ES posts those kinds of divergence as it generally is more intraday oriented, but it was showing the underlying action. In any case, I suspect this is probably a good timing signal for a move higher and thus some trade set ups