SPY

Early trade in the SPY has continued to tighten up in the channel, not forming a bearish ascending wedge

 

The DIA is off on its own right now with mediocre gains in the S&P. The NASDAQ 100 is pretty much flat. Usually the averages move together for the most part, the NASDAQ's behavior is noteworthy as is the wedge in the SPY. 

Considering the Dow's march higher this morning, it's also noteworthy that CAT with good earnings this a.m. is flat after the opening gap.