Opening Indications

All I can say is, "Right on track"!

The last two decent bounces in the market were here...

 Both were about 2 days , both also had a rare and odd event occur in 3C on ES.

 Normally 3C on ES is excellent in giving intraday signals, but during both of those bounces, 3C on ES did something I had only seen once before prior to these bounces, that was it stopped giving intraday signals and instead was in a persistent leading negative divergence that just kept moving lower and lower. I saw the start of that last night as ES crossed above yesterday's "U" range, and here it is again and I'm happy to see it, although it makes calling the end of the bounce more difficult with ES, so we have to use the averages.

Thus far in the averages, on the open they have done what I had hoped and expected to see, they haven't moved!

 DIA 2 min isn't any higher than yesterday's positive divergence-it's the same for all the other averages as well.

 QQQ 2 min

 SPY 1 and 2 min below.


So thus far everything is happening as expected.