A.M. Update

Well it's good I posted last night's Odd ES (SPX E-Mini Futures) Action, very odd indeed and you see the result of it this morning...

 ES overnight since last night's 1:15 a.m. post, Odd ES (SPX E-Mini Futures) Action

I'm still not sure what it is, some say earnings, currency devaluations, the EUR/CHF seems to be the big one...

EUR/CHF saw a 250 pip move higher on rumors of Swiss National Bank currency intervention, then after the rumors subsided, it lost -2.9%, smashing all stops in either direction, the problem is I posted Odd ES (SPX E-Mini Futures) Action at 1:15, this move didn't start until 2:45 a.m.

So we still have a mystery and now you know why I choose to ride out a bounce and stick with short positions that are in line with highest probabilities when it comes to longer term trades.

I'll be very interested what 3C shows in the cash market and what Leading Indicators show, this is just a little too strange as the F_O_M_C meeting starts today.

More shortly...