More on the intraday volatility

This appears to have been correlated to the legacy FX arbitrage, which is a bit strange, but either has something to do with news like, "Merkel extended her Canadian trip" or perhaps is an exercise in  running stops and orders. Either way, it's very parabolic, doesn't look well supported and VERY early in the day.

 Euro from the 9:30 NY open,

 Euro resistance coming up, but more importantly note the parabolic nature of this move, these parabolic moves almost always end badly.

 ES 1 min doesn't seem to have any support/confirmation behind the move.

 For that matter, neither does the Euro (1 min should be able to easily confirm price action).

 2 min Euro

The opposite of the Euro, the $USD (UUP) 3 min positive.

Kind of interesting, this may provide for some excellent entries, it's also providing exhaustion for me watching everything as closely as I can as this thin market moves fast.