ES Update

Looking for any sign that something might be known in the market today is frustrating, take a look at ES trade, there is an interesting move starting right now, 3C is in it's first leading negative divergence, but the rest of the day....

 I have highlighted some divergences, but I have not seen ES this close to in line (meaning 3C is moving well with price-usually taken as price confirmation), this would suggest that there's very little underlying movement in front of the F_O_M_C, price itself looks the same way. However, right now we are seeing the FIRST divergence right now, a negative divergence and this is the biggest of the entire day.

Here's a closer look.

To make the market look even more like it is sitting on the fence, take a look at CONTEXT.

The model and ES are almost EXACTLY the same, this model is 30+ mins. delayed so it's not showing the most recent negative divergence .

All in all, A VERY TOUGH MARKET to read, it seems most of the big boys are sitting on their hands, but the algo story is still strange and I have a feeling it is not coincidental.