Early Market Update

As suspected from this morning's earlier positive divergence in ES, we are seeing some upward movement in ES and a little in the averages. Here's what ES looks like now.

ES working more lie it usually does and calling intraday moves, right now ES is in line after earlier positive divergences I covered pre-market. I've already received several emails of members having made several thousand dollars in closing out some AMZN puts from Friday! Excellent use of the updates!

 Here's the DIA 5 min, I didn't mark the positive divergence, but it was mostly on the 29th, 3C is still trending down, although last Monday saw a much stronger market bounce, this was the same behavior, 3C negative divergences/distribution in to higher prices and non confirmation on the short term charts.

 Here's a 1 min chart, this is non-confirmation.

 The IWM positive divergence last week was a bit stronger then the Q's, but as you can see on the 5 min chart, a leading negative divergence is in  place.

 And non confirmation on the short term charts.

 The Q's had the weakest divergence (5 min chart), they'll need AAPL and the rest of the market to jump start them in my view.

 Short term non confirmation on the opening action

 The SPY showed the best negative divergence Friday, but remember only the SPY and DIA even moved, it is still leading negative here on the 2 min chart so again, no confirmation.

And the 5 min chart started with a negative divergence Friday, that has only gotten worse, thus far this is part of what I expected, although I still did expect to see a sharper, more impressive bounce in price action. The day is still young. We'll look at AAPL soon.