Early Market Update

There's not a lot going on yet, but some of the divergences in the short timeframes last night can be understood now in this morning's market action.

 As mentioned above, we saw a lot of early positive divergences on the open, lifting the averages in to the green, the DIA is now negative on the 1 min.

 DIA 5 min is in line with price.

 As is the 10 min.

 IWM 1 min saw a big opening positive divergence, it went negative and now is about in line with price.

 The 5 min still has a leading positive position, but from what I recall last night, the IWM was one of the stronger looking averages.

 QQQ 1 min opening positive divergence lifting it in to the green and a negative divergence at the high, currently in line with price.

 QQQ 5 min is in line with price

 The 10 min is lagging price slightly.

 SPY opening positive divergence and it has been in line since.

 The 5 min is in line with price.

The 10 min is leading a bit.

Early trade usually doesn't give great indications, but I wanted to get something out there for you.