Update ...

In white, this is what I guess would be the a.m. trading range, the blue arrows and box show positive divergences and a leading divergence. We have to watch for a break above the range at the $110.70 area.

Currently the TRIN is at $1.29 which is within the rally range. So now it's a matter of resistance, if we break and hold above the range, expect a close higher. Watch for further updates and check out the longs I posted last night.