Pre-Market Futures

More trouble overnight in China as the PBoC admits to capital misallocation. The rest of the world's markets pretty much followed China.

Right now the futures are down and the averages are set to gap down to what almost looks like a "W" from Friday's low.

Here are the pre-market Index futures.

 ES 1 min leading positive with decent volume

NQ relative positive

ES is a little better than in line.

The a.m. is very volatile on the open, especially Mondays. I wouldn't jump to any conclusions to fast, we'll see what's going on within the first 45-60 minutes in underlying trade.

The charts from last night (15-30 leading positive) are still there and undamaged.