Market Update

Remember earlier I said I wouldn't write off the positive divergences in the short intraday timeframes, well I think we'll see a move on those soon.

 ES is in a leading positive 1 min divergence

As is NASDAQ futures.

The EUR/USD is in a negative divergence, but it just hasn't broken down yet and the market hasn't moved to price in the higher EUR/USD.

I also see a few triangles within the intraday downtrend, they;d make for a good short term bear trap on a break below with a move back above.

I'm not changing any positioning and may find some opportunities in this, but I think probabilities are good for some upside intraday.