More Overnight Movement in Futures

I'm not so concerned with price movement as I am with underlying trade, especially in the overnight session.

At last look we had some negative post-market divergences in the SPX and NDX futures, that has now flipped or at least started to flip and the initial signs are the new divergence is pretty strong.

 SPX futures went negative just after the 4 p.m. (EDT) New York close, ES lost about 8 points from that negative divergence, since then 3C has bottomed and gone in to a positive divergence as it moves higher and ES moves lower, this should result in a reversal to the upside, but there is a chance this divergence becomes bigger overnight and that would lead to a bigger move, we'll have to wait and see. Europe opens in a few hours so that may have some influence as well.

It isn't just SPX futures, so this appears to be a broader, planned market move as NDX futures went negative after the 4 p.m. close and lost 15 points from that divergence and now are in a strong leading positive divergence, quite strong in fact.

The EUR/USD also seems to have a smaller, but similar positive divergence building as price has been flat for the last 6 hours, flat price is where we often see divergences form.

 I'm very interested to see how this plays out, but I think I'll get some sleep and check it in the morning.

See you soon