Premarket

News overnight was on the light side, Treasuries continue to get hammered, but the 30 year still has better or decent underlying trade while the 10 doesn't look good at all.

As of this morning there was some improvement in the Index futures overnight, the NASDAQ futures were joined by the Russell 2000 futures in 1 15 min divergence (previously 5), but ES remains at 5 min.

I don't see any strong signs in currencies yet (still) and don't have any reason to believe we see strength immediately, but I can't argue against it either, I just have nothing to point to for immediate strength, but those 5/15 min positives should kick in early this week for a bounce.

 ES 5 min hasn't made it to 15, but is quite large on the 5 min and the rounding or reversal process looks good.

 The NASDAQ 15 min doesn't appear as large because its a longer timeframe, but it is a more important signal.

Now we have Russell Futures moving from the 5 min to the 15 min overnight.

If the 1 min futures were flying (3C charts) this morning, I'd say we see strength this morning, but they're largely in line, but I do think we see this strength soon, perhaps this afternoon or tomorrow.