ES Update

ES with the first hint of a positive divergence since late yesterday

It's not much, but maybe we get a bit more Monday, we'll have to wait until then to see. China's Flash PMI on Sunday should make Monday very interesting.

At least I have some positions started as this looks to be the exact same set up we saw Monday-Tuesday this week, negative divergences that were consistent and persistent through the entire time the market was up followed by selling Tuesday and Thursday and quite a sharp reversal giving up all the gains...

Here's ear;y in the week in the SPY.

The difference is now there's a lot more damage done to the underlying picture then this early week rally.