Opening Indications

You know how I feel about early trade , especially on a Monday-lots of game playing, but this looks pretty reasonable.

These are still early intraday charts and I don't usually read too much in to a.m. trade.

 DIA 1 min really didn't confirm the gap up, but there's a small 1 min positive divergence developing since the open, at this stage it is big enough for a consolidation, we'll have to see if it continues to develop and moves through the longer timeframes.

 DIA 2 min absolutely did not confirm the gap up, since the open it's been somewhat neutral.

 IWM 1 min confirmed the gap up and there's a slight positive divergence developing in to the slide in prices.

 IWM 2 min confirmed as well and actually has a little better looking positive divergence develop since the open, slightly leading positive.

 QQQ 1 min did not confirm the gap opening, but there is a stronger 1 min positive developing since.

 QQQ 2 min seemed to be in confirmation, a small negative relative divergence on the open and the 2 min chart has a current slight positive.

 SPY 1 mi did not confirm the gap ip, but also has a slight positive developing since.

 The 2 min chart really needs that 1 min to strengthen at this point, there's no confirmation of the gap up at all here.

 The Euro did not confirm the gap up, but like the other averages has a positive divergence developing since the open.

 Euro 2 min has no confirmation on the open, but again a slight positive developing since.

 The $USD was positive on the open at the gap down, since it has seen some deterioration.

$USD 2 min was quite positive on the open, there's a little deterioration there.

So it's a matter of these 1 min charts shaping up and moving through the longer timeframes.