As you know I'm not crazy about morning trade, but thus far on the open we have pretty good confirmation...
DIA's negative divergence, we have a small intraday positive divergence on the 2 min timeframe which has filled the gap, but looks good.
The QQQ shows confirmation
As does the SPY.
I still expect very volatile intraday trade and stop/limit order hunting, but it appears we have at least started to move toward our trend expectations.
I need to look at a lot more charts, but the Credit divergence showed yesterday with the $AUD in our Risk Asset Update were two big ones that I think were pretty good signals in addition to what 3C has been showing us.
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