Index Futures Update

Overnight it looks like the old faithful pair of USD/JPY pushed Index futures higher, however there's a negative divergence intraday formed up in USD/JPY right now and Russell 2000 futures have the same,  much like the 1 min IWM chart shown last night in the grab bag of multiple averages in multiple timeframes that made me suspect an early pullback, but I still expect a move higher after what will probably be an early pullback. The 5 min charts reflect this..Again R2K futures are a good example.

I think this bit of movement would be nice so we can decide whether a small (long) hitch-hiking trade is worthwhile.

USD/JPY overnight (1 min) with a current negative divergence.

Russell 2000 futures 1 min looking like a decent intraday negative divegrence.

However the 5 min looks strong, this is along the lines of yesterday's EOD post, an early pullback that builds a slightly larger footprint and then moves higher.