A.M. Update

After watching the market for a bit after a very strong NFP with 312k jobs added vs consensus of 230k and previous 243k (revised), with the unemployment rate steady at 5.8%, it seems good news is bad news, the reaction has been knee jerky...

 Despite $USD strength sending USD/JPY above 121, it hasn't helped ES above which has moved lower since the NFP.

The Index futures start with a negative intraday divergence...

 NQ 1 min

And TF 1 min

In addition to the same 5 and 7 min negative divergences seen late Friday last week that led to the sharp decline when futures opened Sunday night and the cash market Monday morning, this in addition to the various other timeframes posted last night as well, it seems we have another full house of negatives across the futures...