ES Update

 ES positive divergence both pre-market and in to the open, since it has been in confirmation with 3C moving higher with price, at the 1:45 highs, there's a small negative divergence, this may just lead to a consolidative pullback.

The CONTEXT model is negative with ES outperforming the model, this often happens on bounces, but usually more toward the end. I will say the CONTEXT model looked much more positive last week which makes me wonder if they are tweaking the formula in the model which I have wondered about for a week or so since JPM came out with news that is potentially leading to distortions in the credit markets.

I'll update the market next and I have some stocks coming after.